Multiple options in parallel replacement analysis: buy, lease or
rebuild.
INTRODUCTION
Parallel replacement deals with the replacement of a multitude of
economically interdependent assets which operate in parallel. Reasons
for this economic interdependence include: (1) . . .
The effect of time-value of money on discrete time-varying demand
lot-sizing models with learning and forgetting considerations.
INTRODUCTION
It can be found in practice that the time or cost required to
repetitively produce a unit of a product decreases when the number of
units produced by a worker or a group of workers . . .
A comparison between two multiattribute decision methodologies
used in capital investment decision analysis.
INTRODUCTION
Many studies have been done on multiattribute decision models that
are used to evaluate manufacturing technologies. Saaty [19] introduced
The Analytic Hierarchy Process (AHP), which is a . . .
Pollution Prevention Economics.
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 . . .
R & D Project Selection.
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 . . .
Comments on 'Using Heuristics to Evaluate Projects: The Case
of Ranking Projects by IRR.' (internal rate of return; response to
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 . . .
Cost estimation predictive modeling: regression versus neural
network.
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, . . .
Phased capacity expansion - using continuous distributions to
model prior beliefs.
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) . . .
Project Management in Manufacturing and High Technology
Operations, 2d ed.
Michael R. Duffey George Washington University
It makes sense to discuss manufacturing issues and techniques within
the context of project management. Many high-volume manufacturing
organizations . . .
Probabilistic Reliability Engineering.
James A. Falk Wiley Interscience Publication
Reliability has increased its importance in the recent industry due
to growing complexity of the engineered systems. However, most models
developed for . . .
Engineering Economics, 4th ed.
Elin M. Wicks University of Missouri - Columbia
This textbook is part of the McGraw-Hill Series in Industrial
Engineering and Management Science. The text consists of 15 chapters,
nine appendices and . . .
Engineering economy abstracts on-line: a state-of-the-art
review.
THE ENGINEERING ECONOMY ABSTRACTS: PAST AND PRESENT
In 1970, Professor G.W. Smith of the Department of Industrial and
Manufacturing Systems at Iowa State University, compiled the first
engineering . . .
Present worth of external quality losses for symmetric
nominal-is-better quality characteristics.
INTRODUCTION
Symmetric-nominal-is-better (SNIB) product characteristics are
parameters that define a product's quality for which: (1) there is
an ideal value, or target, (2) deviations both lower and . . .
Optimal replacement of durable equipment in heat transmission
systems.
INTRODUCTION
In the broad class of engineering systems providing services of
different kinds such as lighting, heating or transportation, the main
determinant of leading economic indicators is the . . .
Supporting economic reform of the Chinese petroleum industry: a
dynamic decision making model.
INTRODUCTION
China has been in a transition from a planned economy to a Chinese
style market economy for the past sixteen years. With the stimulation
provided by this growing economic market . . .
Enhancing engineering economy concepts with computer
spreadsheet.
INTRODUCTION
Recently, in this journal, there have been some very good articles
describing the use of computer spreadsheets in the classroom to teach
engineering economy principles [1][2]. I . . .
Engineering Economics: Analysis for Evaluation of
Alternatives.
Kim LaScola Needy University of Pittsburgh
This book is an introductory text on engineering economics
appropriate for an undergraduate course in engineering economy or for
use by a practicing . . .
Discount rate choice and the application of duration for capital
budgeting decisions.
INTRODUCTION
The duration measure was originally developed by Macauley [7] to
measure price elasticity for bonds. While fixed income security and
portfolio analysis remains the most predominant . . .
A simple method for calculating the imin rate for an investment
project.
The profitability of an investment project(1) is usually measured by
its Net Present Value (NPV) or by its Net Final Value (NFV). Relative to
the management of its positive outcomes, an investment . . .
Strategic methodologies of investment appraisal of AMT projects:
a review and synthesis. (advanced manufacturing technology)
INTRODUCTION
The potential offered by new technology, such as advanced
manufacturing technology (AMT), for dealing with the strategic
challenges facing manufacturers today is considerable [8]. It . . .
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