Computational Economic Analysis for Engineering and Industry

1st Edition

Adedeji B. Badiru, Olufemi A. Omitaomu

CRC Press
Published June 7, 2007
Reference - 304 Pages - 107 B/W Illustrations
ISBN 9780849374777 - CAT# 7477
Series: Systems Innovation Book Series

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Summary

Recent global anxiety indicates that more focus needs to be directed at economic issues related to industry. Conventional techniques often do not adequately embrace the integrated global factors that affect unique industries and industry focused computational tools have not been readily available. Until now. Computational Economic Analysis for Engineering and Industry presents direct computational tools, techniques, models, and approaches for economic analysis with a specific focus on industrial and engineering processes.

Here are just a few of the topics you'll find:

  • New economic analysis models and techniques
  • Tent-shaped cash flows
  • Industrial economic analysis
  • Project-based economic measures
  • Profit ratio analysis
  • Equity break-even point
  • Utility based analysis
  • Project-balance analysis
  • Customized ENGINEA software tool
  • Engineering conversion factors

    The authors supply downloadable software, ENGINEA, that allows you to easily perform the various techniques outlined in the text, such as investment justification, breakeven analysis, and replacement analysis. Providing a high-level presentation of economic analysis of the unique aspects of industrial processes, they integrate mathematical models, optimization, computer analysis, and managerial decision processes. A comprehensive treatment of economic analysis considering the specific needs of industry, the book is a pragmatic alternative to conventional economic analysis books.
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