Engineering Economist articles from January 1997

Engineering Economist archives from January 1997

Phased capacity expansion - using continuous distributions to model prior beliefs.
January 1, 1997... INTRODUCTION The capital budgeting process can be generalized into four basic areas: (1) alternative identification, (2) cash flow development and estimation, (3) project selection, and (4) post-audit and control. Historically, capital...

Cost estimation predictive modeling: regression versus neural network.
January 1, 1997... INTRODUCTION Cost estimation is a fundamental activity of many engineering and business decisions, and normally involves estimating the quantity of labor, materials, utilities, floor space, sales, overhead, time and other costs for a set...

Comments on 'Using Heuristics to Evaluate Projects: The Case of Ranking Projects by IRR.' (internal rate of return; response to D. Asquith and J.E. Bethel, The Engineering Economist, vol. 40, no. 3, p. 287, Spring 1995)
January 1, 1997... INTRODUCTION In their recent paper [1], Asquith and Bethel discuss the issue of cash flow (CF) overvaluation by project managers trying to provide "their" projects with an unfair advantage either when mutually exclusive (ME) projects compete...

R & D Project Selection.
January 1, 1997... An important problem that decision makers face in industry, academic research, science and engineering is R & D project selection. In today's environment with increasing competition and limitations of R & D financial resources, this problem...

Pollution Prevention Economics.
January 1, 1997... The field of environmental engineering has generally been concerned with the development of technical approaches to either combating pollution or preventing it altogether while some areas of management may be defined as the process of seeking and...