Engineering Economist articles from December 2001

Engineering Economist archives from December 2001

Fuzzy Activity Based Costing: A Methodology For Handling Uncertainty In Activity Based Costing Systems.(Statistical Data Included)
December 22, 2001... ABSTRACT Activity based costing (ABC) systems are often developed using estimated input data. A methodology based on fuzzy set theory has been developed to handle estimation imprecision and uncertainty in ABC systems. This methodology...

The Identification of Target Firms and Functional Areas for Strategic Benchmarking.(Statistical Data Included)
December 22, 2001... ABSTRACT In recent years there has been an increased emphasis on quality, Total Quality Management (TQM), and re-engineering. The practice of benchmarking is inherent to the success of any of these. Despite its obvious strategic...

The Association Between the Use of Sophisticated Capital Budgeting Practices and Corporate Performance.(Statistical Data Included)
December 22, 2001... ABSTRACT Since the early l950s, the academic community has tried to convince corporate managers that there are sophisticated techniques that can improve the capital budgeting decision-making process. Over the years, many studies have...

The Cutoff Benefit-Cost Ratio Should Exceed One.
December 22, 2001... ABSTRACT The engineering economics textbook rule of accepting all projects with a benefit-cost ratio in excess of one worth fails to consider the bias introduced from there being typically more poor projects than good projects. Bayesian...

Modeling the Supply Chain. (Book Review).
December 22, 2001... Duxbury Press, Pacific Grove, California, 2001, xv + 586 pp. ISBN 0-534-37363-1. List: $71.95. The book contains 12 chapters, organized in four 'parts'. Part 1 (two chapters) is 'Introduction to Supply Chain Management'; Part 2 (four...