Technical note: constructing tornado diagrams with
spreadsheets.
Tornado diagrams are a classic tool of sensitivity analysis for
decision analysis, yet engineering economy texts and TEE articles rarely
include them. It is suggested that this is due to apparent . . .
Incorporating stochastic demand into breakeven analysis: a
practical guide.
The plausibility and usefulness of conventional breakeven analysis
is augmented by adding a stochastic linear demand function to the basic
breakeven equation. The additional complexity from adding . . .
Valuing real capital investments using the least-squares Monte
Carlo method.
The recently developed least-squares Monte Carlo (LSM) method
provides a simple and efficient technique for valuing American-type
options. The proposed method is applicable to the cases of compound . . .
Obsolescence driven design refresh planning for
sustainment-dominated systems.
Many technologies have life cycles that are shorter than the life
cycle of the product they are in. Life cycle mismatches caused by the
obsolescence of technology (and particularly the obsolescence . . .
Establishing maintenance resource levels using selective
maintenance.
We address the performance of a repairable system that is required
to perform a sequence of equally spaced, identical missions with breaks
between missions. The system is series-parallel in . . .
Selecting project portfolios by optimizing simulations.
New advances in the area of simulation optimization allow managers
to go beyond traditional ranking rules, CAPM, and real options analysis
in order to select optimal sets of projects to fund. . . .
Methods for handling uncertainty in activity based costing
systems.
ABSTRACT
Activity based costing (ABC) systems are implemented with the
purpose of obtaining accurate product and process cost information. Due
to extensive data requirements, ABC input data are . . .
Application of chance-constrained programming to capital
rationing problems with asymmetrically distributed cash flows and
avail
INTRODUCTION
In the discussion of investment problems it is often argued that
risk is a major decision factor. However, it is customary to let risk
enter into discussion after a solution is . . .
Calculating developer charges for urban infrastructure: a
feasible method for applying marginal cost pricing.
INTRODUCTION
In common with other realms of economic endeavor, marginal cost
pricing is socially optimal in guiding both the use of existing local
public services as well as investment in these . . .
A real options design for product outsourcing.
INTRODUCTION
Increased competition in the global market has caused organizations
to realize that the most competitive way of survival is to be able to
respond effectively to a dynamic . . .
Correction.
2003, VOLUME 48. NUMBER 1
TECHNICAL NOTE: "THE VARIABLE FINANCIAL INDICATOR IRR AND THE
CONSTANT ECONOMIC INDICATOR NPV," by S.L. TANG (The Hong Kong
Polytechnic University, HONG KONG) and H. . . .
Risk Modeling for Determining Value and Decision Making. (Book
Review).(Book Review)
Chapman & Hall/ CRC Press, Boca Raton, Florida, 2000, 321 pp.
ISBN 1-58488-167-4. List: $54.95.
This volume is a second from the author, Dr. Glenn Koller and CRC
Press, dealing with Risk and . . .
A modified EOQ model with temporary sale price derived without
derivatives. (Technical Note).(economic order quantity)
INTRODUCTION
Recently, researches in EOQ and temporary price discount have been
widely done (2,3,5,7). Grubbstrom and Erdem (4) elaborated the
formulation of classical EOQ without differential . . .
A note on the cost of ownership, capital recovery and
depreciation. (Technical Note).
INTRODUCTION
Traditional approaches to the exposition of concepts in the field
of engineering economics remain strongly entrenched in textbooks as well
as the literature. For example the recent . . .
Project-specific financing and interest rate risk in capital
budgeting.
INTRODUCTION
A growing number of writers have acknowledged the importance of
Macaulay (13) duration as a useful tool for capital budgeting purposes
(2, 4, 5, 6, 8, 9, 10, 12). In capital . . .
Managerial advantages of using payback as a surrogate for
NPV.
INTRODUCTION
Despite longstanding references to the theoretical deficiencies of
payback (PB) -- e.g. (4) and (12) -- managers continue to use the
method. Indeed empirical studies over many years . . .
Budget allocation among R&D teams with interdependent
uncertain achievement levels and a common goal.
INTRODUCTION
Suppose you wish to allocate a budget between two R&D projects
with a common goal, one of which you consider as having, for any given
level of funding, a higher potential of success, . . .
DPL 4.0, Professional Decision Analysis Software--Academic
Edition. (Book Review).
Duxbury Press, Brooks/Cole Division of Thompson Learning, Pacific
Grove, California, 1998, xiii + 682 pp. plus compact disk. ISBN:
0-534-35368-1. List: $62.95. (Paperback)
DPL 4.0 is a . . .
Introduction to Decision Analysis (Second Edition). (Book
Review).
By David C. Skinner
Probabilistic Publishing, Gainesville, Florida, 1999, xiii + 369
pp. ISBN 09647938-3-0. List: $34.95. (Hardback)
David C. Skinner has given an interesting and useful . . .
The timing of real option exercise: some recent
developments.
INTRODUCTION
Since Brennan and Schwartz (7), McDonald and Siegel (22, 23) and
Titman (35) published their seminal papers, applying modern option
pricing theory to real investment projects, rapid . . .
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