Engineering Economist articles from December 2004

Engineering Economist archives from December 2004

A virtual classroom experiment for teaching engineering economy.
December 22, 2004... The inclusion of out-of-the-classroom supplemental materials and activities, particularly real-world industry-provided problems, is known to reinforce concepts and improve learning in ways not available through traditional methods of lecture....

Breaking down a long-run marginal cost of an LP investment model into a marginal operating cost and a marginal equivalent investment cost.
December 22, 2004... Linear programming is a widely used tool in short- and medium-term planning of refinery operations, which leads to the efficient manufacture of joint products. Decisions supported by such models are typically the selection of the types of crude...

An analysis of contract cost phasing on engineering and construction projects.
December 22, 2004... The (capital-intensive) oil, gas, and petrochemical industry forms one of the world's largest areas of economic activity. Engineering and construction projects for new manufacturing facilities are an essential part of the business process of...

Technical note: comparative static analysis of information value in a canonical decision problem.(expected value of perfect information)
December 22, 2004... NOMENCLATURE V EVPI for the decision [MATHEMATICAL EXPRESSION NOT REPRODUCIBLE IN ASCII] probability density function for the standard unit normal distribution [MATHEMATICAL EXPRESSION NOT REPRODUCIBLE IN ASCII] the unit normal...

Technical note: approximation solution for the inventory model with random planning horizon.
December 22, 2004... The time value of money has long been studied by researchers as an important factor in inventory management [1-13]. Especially when interest rates are high, the use of NPV (net present value) is of high concern in inventory decision-making...

Minutes of the 2004 ASEE engineering economics division business meeting.
December 22, 2004... 1. Chairperson Ed Wheeler called the meeting to order at 12:30 p.m., on June 21, 2004, in Salt Lake City, Utah, USA. 2. A sign-up sheet was distributed and signed by the following persons. Name Affiliation ...

Minutes of the 2004 IIE engineering economy division business meeting.
December 22, 2004... ATTENDEES M. Affan Badar, Alejandro Teran, Joseph Hartman, Femi Omitaomu, Sarah Ryan, Hemantha Herath, Heather Nachtmann, Heather Bradley, George Smith MINUTES * Call to order--The meeting was called to order by Director Hemantha...