Description : An Authoritative Introduction to a Major Subject in Systems Engineering and Management This important volume fills the need for a textbook on the fundamentals of economic systems analysis and assessment, illustrating their vital role in systems engineering and systems management. Providing extensive coverage on key topics, it assumes no prior background in mathematics or economics in order to comprehend the material. The book is comprised of five major parts: Microeconomics: a concise overview that covers production and the theory of the firm; theory of the consumer; market equilibria and market imperfections; and normative or welfare economics, including imperfect competition effects and consumer and producer surplus Program Management Economics: discusses economic valuation of programs and projects, including investment rates of return; cost-benefit and cost-effectiveness analysis; earned value management; cost structures and estimation of program costs and schedules; strategic and tactical pricing issues; and capital investment and options Cost Estimation: reviews cost-estimation technologies involving precedented and unprecedented development, commercial-off-the-shelf (COTS) software, software reuse, application generators, and fourth-generation languages Strategic Investments in an Uncertain World: addresses alternative methods for valuation of firms including Stern Stewart's EVA, Holt's CFROI, and various competing methodologies Contemporary Perspectives: covers ongoing extensions to theory and practice that enable satisfactory treatment of the increasing returns to scale, network effects, and path-dependent issues generally associated with contemporary ultra-large-scale telecommunications and information networks Also discussed in this comprehensive text are normative or welfare economics and behavioral economics; COCOMO I and II and COSYSMO as examples of a cost model; and options-based valuation models and valuation of information technology intensive enterprises. Economic Systems Analysis and Assessment serves as an ideal textbook for senior undergraduate and first-year graduate courses in economic systems analysis and assessment, as well as a valuable reference for engineers and managers involved with information technology intensive systems, professional economists, cost analysts, investment evaluators, and systems engineers.
Description : The book brings together economic systems and development economics, offering theoretical foundations and empirical evidence. It examines competition, technology, governance, public goods, income transfers, transition, performance, convergence and displacement in a range of countries worldwide.
Description : This book explores a wide range of issues related to the methodology, organization, and technologies of analytical work, showing the potential of using analytical tools and statistical indicators for studying socio-economic processes, forecasting, organizing effective companies, and improving managerial decisions. At the level of “living knowledge” in the broad context, it describes the essence of analytical technologies and means of applying analytical and statistical work. The book is of interest to readers regardless of their specialization: scientific research, medicine, pedagogics, law, administrative work, or economic practice. Starting from the premise that readers are familiar with the theory of statistics, which has formulated the general methods and principles of establishing the quantitative characteristics of mass phenomena and processes, it describes the concepts, definitions, indicators and classifications of socio-economic statistics, taking into consideration the international standards and the present-day practice of statistics in Russia. Although concise, the book provides plenty of study material as well as questions at the end of each chapter It is particularly useful for those interested in self-study or remote education, as well as business leaders who are interested in gaining a scientific understanding of their financial and economic activities.
Description : Fundamental Economic Principles, Methods, and Tools for Addressing Human Systems Integration Issues and Tradeoffs Human Systems Integration (HSI) is a new and fundamental integrating discipline designed to help move business and engineering cultures toward more human-centered systems. Integrating consideration of human abilities, limitations, and preferences into engineering systems yields important cost and performance benefits that otherwise would not have been accomplished. In order for this new discipline to be effective, however, a cultural change—starting with organizational leadership—is often necessary. The Economics of Human Systems Integration explains the difficulties underlying valuation of investments in people's training and education, safety and health, and work productivity. It provides an overview of how the field of economics addresses these difficulties, focusing on human issues associated with design, development, production, operations, maintenance, and sustainment of complex systems. The set of thought leaders recruited as contributors to this volume collectively provides a compelling set of data and principles for assessing the economic value of investing in people, not just in general but in specific investment situations. The early chapters provide the contexts for HSI and investment analysis, illustrating the enormous difference context makes in how issues are best framed and analyzed. A host of practical methods and tools for investment valuation are then presented. Provided are: A variety of real-world applications of economic analysis ranging from military acquisition and automotive investment to healthcare and high-tech investments in general, in both the U.S. and abroad A range of economics-based methods and tools for cost analysis, cost-benefit analysis, and investment analysis, as well as sources of data for performing such analyses Differing perspectives on economic decision-making, including a range of private sector points of view, as well as government and regulatory perspectives In addition, five real-world case studies illustrate how such valuations have been done and their major impacts on investment decisions. HSI professionals, systems engineers, and finance professionals who address investment analysis will appreciate the wide range of methods and real-life applications; senior undergraduates and masters-level graduate students will find this to be an excellent textbook that provides theory and supports practice.
Description : This is the third of four volumes from the Committee to Review the Outer Continental Shelf (OCS) Environmental Studies Program (ESP). The first two dealt with physical, oceanographic, and ecological aspects of the program. This book presents the findings of the panel's investigation of the social and economic relevance of OCS oil and gas activities and the social and economic aspects of the ESP. It describes the potential effects of OCS activities on the human environment, presents an ideal socioeconomic studies program, and comments on the current program in the Atlantic, Gulf of Mexico, Pacific, and Alaska regions.
Description : "Strengthening the economic vitality of a region (jobs and income) is one of the primary reasons for investing in highway capacity. Elements of improving economic vitality include better access to markets and labor force, reduced cost of delay, reduced congestion, improved safety, reduced pollution, and a better quality of life. However, the ways in which new and improved highway capacity influences economic vitality are complex and often indirect. This project had three objectives: (1) to provide a resource to help determine the net changes in the economic systems of an area impacted by a transportation capacity investment; (2) to provide data and results from enough structured cases that project planners in the future can use the cases to demonstrate by analogy the likely impacts of a proposed project or group of projects (plan); and (3) to demonstrate how this fits into collaborative decision making for capacity expansion."--proj. desc. This project produced 100 case studies of already-built highway capacity projects and their economic development impacts. To accomplish this, the study team compiled pre/post economic and land development data and conducted local interviews, in order to portray the actual, observed economic development impacts of those projects. The results were put into a database and classified by type of project and local setting. An accompanying web tool, called T-PICS (Transportation Project Impact Case Studies), was developed to provide access to the case study information so it can be used to portray the range of economic development impacts occurring as a result of different types of projects in different settings.
Description : Studies that integrate scientific, technological, and economic dimensions of industrial ecology and material flows. The use of economic modeling techniques in industrial ecology research provides distinct advantages over the customary approach, which focuses on the physical description of material flows. The thirteen chapters of Economics of Industrial Ecology integrate the natural science and technological dimensions of industrial ecology with a rigorous economic approach and by doing so contribute to the advancement of this emerging field. Using a variety of modeling techniques (including econometric, partial and general equilibrium, and input-output models) and applying them to a wide range of materials, economic sectors, and countries, these studies analyze the driving forces behind material flows and structural changes in order to offer guidance for economically and socially feasible policy solutions. After a survey of concepts and relevant research that provides a useful background for the chapters that follow, the book presents historical analyses of structural change from statistical and decomposition approaches; a range of models that predict structural change on the national and regional scale under different policy scenarios; two models that can be used to analyze waste management and recycling operations; and, adopting the perspective of local scale, an analysis of the dynamics of eco-industrial parks in Denmark and the Netherlands. The book concludes with a discussion of the policy implications of an economic approach to industrial ecology.
Description : . . . the book provides a wide variety of practical examples of economic assessments of river management projects. . . the book offers policy-makers a nice range of valuation case studies and practical and illustrative guidance on the use of economic valuation results in cost benefit analysis of river management. Marije Schaafsma, Environmental and Resource Economics It is rare to find a book that attempts to integrate physical, biological and social sciences (economics) to address environmental problems, but this book does a great job of it. It is also rare to find a book that addresses both the benefits and the costs of river restoration, and again this book delivers. This collection of case studies provides an informative and practical guide to conducting economic analyses of many different types of river restoration. Scientists interested in quantifying the benefits and costs of river restoration will gain a very quick and thorough education from the case studies presented in this book. John Loomis, Colorado State University, US The book applies benefit cost analysis and a wide array of non-market and distribution economic valuation methods in ecologic context to determine the pay-off and distribution impacts of various infrastructure and water quality improvements to eight river systems in the Great Lakes region of the US. The generally positive results have important implications for public policy and future research. Prime readership is the wide range of academics, NGO and government agency staff and citizen action groups concerned with the management and protection of rivers and other natural resource systems.