Recently added articles from Engineering Economist:
Technological breakthroughs and asset replacement.
Apr 01, 2009; ... INTRODUCTION The article analyzes the impact of discontinuous technological change (TC) on the optimal replacement of assets (capital equipment, machines). The asset replacement under continuous TC has been intensively analyzed (see Bean et al. 1994; Bethuyne 1998; Grinyer 1973; ...
Mid-cycle capital planning optimization.
Jul 01, 2009; ... INTRODUCTION The central question in capital rationing is the allocation of limited financial resources among alternative projects with the aim of achieving maximum net present value. It typically takes place at the beginning of a financial planning cycle. The decision-maker ...
Measuring the costs of custom products through better technology utilization.(Custom Ortho Company )
Jul 01, 2009; ... INTRODUCTION Lean manufacturing is the direction that many plants are targeting to maximize the efficiency of their production lines (Evans and Lindsay 2008; Tomas Yu-Lee 2006). This article describes a company's approach to implementing a lean manufacturing program in a mass ...
An application of value-of-information to decision process reengineering.(General Motors Corp.)(Statistical data)
Jul 01, 2009; ... INTRODUCTION Value of Change as Value of Information This article applies the decision analytic idea of value of information (VOI) to plan improvements to an organization's decision processes and information flows. The theoretical idea of applying VOI to value ...
On the effects of uncertainty on investment timing and option value.
Jul 01, 2009; ... INTRODUCTION A typical starting point of real option studies is that of McDonald and Siegel (1986), in which investment timing is considered as a function ofthe present value of the project. Accordingly, the present value of the project itself is typically considered an ...