Engineering Economist articles from June 2005

Engineering Economist archives from June 2005

Letter from the editor.(Editorial)
June 22, 2005... Dear Readers, We continue our anniversary celebration of volume 50 of The Engineering Economist. As with the last issue, we have invited another author to relay cutting-edge research and visions which are relevant to the field of...

A real options model for workforce cross-training.
June 22, 2005... INTRODUCTION In order to survive in today's competitive and volatile economic environment, many organizations are trying to increase their opportunities by adopting competitive strategies such as flexible manufacturing. Cross-training, one...

Reminiscences of the founder and editor of The Engineering Economist.
June 22, 2005... The following article appeared in volume 20, number 4 of The Engineering Economist. I was asked some time ago how one goes about starting a journal from scratch when it does not have a captive clientele, such as members of a society whose...

Managing capacity in the high-tech industry: a review of literature.
June 22, 2005... BACKGROUND AND INTRODUCTION In high-tech industries such as semiconductor, consumer electronics, telecommunications and pharmaceutical, a firm's ability to manage capacity is arguably the most critical factor for its long-term success....

On the validity of the geometric Brownian motion assumption.
June 22, 2005... INTRODUCTION Many recent engineering economic analyses have relied on an implicit or explicit assumption that some quantity that changes over time with uncertainty follows a geometric Brownian motion (GBM) process. Below we briefly review...