Engineering Economist articles from June 1999

Engineering Economist archives from June 1999

Current capital investment practices.
June 22, 1999... CURRENT CAPITAL INVESTMENT PRACTICES Effective allocation of a company's capital resources is a key to corporate success. Most theorists hold that effective allocation can best be achieved with a sophisticated capital investment process....

Improving system maintenance decisions: a value of information framework.
June 22, 1999... INTRODUCTION Over the last two decades, significant technological advances have led to the development of highly automated and sophisticated systems in the manufacturing, construction, and process industries. With an increase in the number...

Keeping it sophisticatedly simple in R&D project management.
June 22, 1999... INTRODUCTION RECIPE FOR STONE SOUP Souder and Mandakovic [4] observed that "today, there is a growing recognition that project-selection models should be used to ask questions of the entire organization" and that project-selection...

Some economic decision problems in warranty planning.
June 22, 1999... INTRODUCTION A warranty is a producer's guarantee that a product or service will adequately meet performance requirements for a certain period. Warranty costs carry a significant burden to manufacturers, with costs typically ranging from...

A further note on the fleet design problem.
June 22, 1999... INTRODUCTION In [2], Jones and Zydiak discuss the steady state fleet design problem, which has no natural initial distribution of vehicles, and develop a new optimality criterion of minimizing annual equivalent cost per vehicle. A new...

Risk management in undergraduate engineering economics education.
June 22, 1999... INTRODUCTION Risk and risk management are central issues in financial decision making in engineering environments. This paper will explore how risk is treated in engineering economics undergraduate education materials. I will show that...

Strategic Decision Making: Multiobjective Decision Analysis with Spreadsheets.(Review)
June 22, 1999... This exceptionally fine new book is a major contribution toward the more widespread use of analytically defensible and pragmatically applicable multiobjective decision analysis. Professor Kirkwood, who is both soundly-educated in the theory and...