Engineering Economist articles from June 1994

Engineering Economist archives from June 1994

Effective bid pricing for unit price contracts.
June 22, 1994... INTRODUCTION All firms are faced with the task of capital budgeting, that is, evaluating the financial viability of proposed projects, new pieces of equipment, new product lines, etc. In this paper we explore a slightly different, but related,...

Optimal economic tool regrinding with Taguchi's quality loss function.
June 22, 1994... INTRODUCTION One of the major cost components in tool economics is the cost incurred due to deviation in workpiece quality as a result of poor tool-cutting conditions and tool breakage. Deviation in workpiece quality could lead to: 1)...

A comprehensive lease/purchase model.
June 22, 1994... INTRODUCTION To explain leasing activity, mostly undertaken by banks and other financial institutions (as pointed out by Myers, Dill and Bautista [13], among others), the literature offers numerous leasing valuation models which demonstrate...

A clarification of the concepts of "income, wealth base, and rate of return implications of alternative project evaluation criteria."
June 22, 1994... INTRODUCTION In the Spring 1993 issue of The Engineering Economist, Bernhard [3] provides an interesting discussion of the IRR and NPV decision criteria as measures of project acceptability when time-dependent IRRs and (reinvestment) interest...

Breakthrough Thinking in Total Quality Management.
June 22, 1994... Thomas Johnson North Carolina State University The title of this book sets very high expectations: innovation, opportunities for improvement, etc... However, the very first page of the preface, hints, instead, at a new flavor of alphabet soup:...

Business Cases in Statistical Decision Making: Computer Based Applications.
June 22, 1994... Allen G. Greenwood Virginia Polytechnic Institute and State University This book contains eighteen case studies that are designed to be used in either undergraduate or MBA-level introductory statistics courses: The cases can be used as a...

Introduction to Engineering Economy.
June 22, 1994... Jane M. Fraser The Ohio State University As would be expected from his previous work, Professor Fleischer has produced a textbook that deserves your attention and perhaps your selection for a first course in engineering economy. In this review...

Contemporary Engineering Economics.
June 22, 1994... Richard Bernhard North Carolina State University In this new book, Chan Park has given us an attractive, alternative text for use in a first course in engineering economics. In a clear, readable, orderly, albeit largely traditional manner, the...