Engineering Economist articles from September 2007

Engineering Economist archives from September 2007

Financial options from regulating real estate for habitat conservation.
September 22, 2007... INTRODUCTION Habitat loss is the largest threat to biodiversity (Wilcove et al., 1998). Current rates of biodiverse species extinction are estimated at several orders of magnitude above background or natural extinction rates (Lawton and...

Evaluating product plans using real options.
September 22, 2007... INTRODUCTION An effective product planning strategy is critical for the success of any firm. Product planning is defined as a process that envisions which product variants should be introduced and when they should be introduced in the...

Are "real options" actually used in the real world?
September 22, 2007... INTRODUCTION In their highly regarded book published at the turn of this century, Copeland and Antikarov (2001) suggested that real options would dominate the capital budgeting process within the next decade. As these authors and...

Stochastic oil price models: comparison and impact.
September 22, 2007... INTRODUCTION Good decision-making practices in complex and difficult situations are crucial to the success of a firm. In oil and gas investment projects, the difference between a good decision and a bad one can be the difference between...

Case study: the engineering economics of RFID in specialized manufacturing.
September 22, 2007... INTRODUCTION In order to ensure the cost-effective production of specialized products, many companies use calibrated tools. Failure to use the proper calibrated tool can result in scrap and rework. This inefficiency results in events such...