摘要:

This paper describes a course in Engineering Economy which has been taught at Bradford for twenty years. It employs a variety of teaching methods to meet the preferred learning styles of students with different personality profiles and rt enables them to develop by passing through all four quadrants of the Experiential Learning Cycle. To facilitate this process, a novel business game has been invented which allows the Net Present Value of a project to be calculated quickly. Working as teams, students can thereby appraise the economic merits of a capital project as it proceeds through the various stages of its life cycle. The derivation of this model is provided herein with a few examples of the memoranda which enable the game to develop in a realistic way and by applying sequential decisions.

ISSN:0013-791X    

DOI:10.1080/00137919308903103

出版商:Taylor & Francis Group    

年代:1993

数据来源: Taylor

摘要:

Since a major component of a product cost is highly affected by a design decision made at an early stage of a product life cycle, the optimal design decision is critical in competitive manufacturing environments. For such optimal design decision making, the philosophy of concurrent engineering has become popular. In this paper, we propose an integrated decision model in which decisions on product and process design are simultaneously performed through economic evaluation at each stage of decision making. We introduce a dynamic programming method to determine the optimal design decision which minimizes the product cost under the strategic constraints given. We then apply the proposed decision model together with the solution procedure to a printed circuit board (PCB) designing and manufacturing company to demonstrate the effectiveness of a concurrent design of product and process.

ISSN:0013-791X    

DOI:10.1080/00137919308903104

出版商:Taylor & Francis Group    

年代:1993

数据来源: Taylor

摘要:

Capital budgeting applications frequently necessitate the use of a discounting methodology to allow for time value of money, supplemented by payback calculation to assess liquidity risk. This paper explains how both concerns can be addressed in a single process by using duration measure in making discount rate adjustments which allow for the timing of the expected cash flows.

ISSN:0013-791X    

DOI:10.1080/00137919308903105

出版商:Taylor & Francis Group    

年代:1993

数据来源: Taylor

摘要:

This paper discusses the Perpetuity Rate of Return (PRR) criterion for evaluating investment projects, introduced recently by K.M. Howe (“Perpetuity Rate of Return Analysis,” The Engineering Economist, Vol.36, No.3, Spring 1991, pp.248-257) and intended as a substitute for the much criticized Internal Rate of Return. The discussion shows that the PRR does not reflect the project's true rate of return; that it is not Net Present Value compatible for non-positive market interest rates; and that it cannot be universally applied to the evaluation of mutually exclusive projects. An alternative criterion to the PRR, the ARR, has been developed without the necessity of resorting to the artificial assumptions required by the PRR. It has been concluded that neither the PRR nor the ARR contribute anything of consequence to the current procedures of project evaluation, and that they both are, in fact, inferior mutants of the traditional Profitability Index.

ISSN:0013-791X    

DOI:10.1080/00137919308903106

出版商:Taylor & Francis Group    

年代:1993

数据来源: Taylor

摘要:

The lack of investment in new manufacturing technology compromises the long-range competitiveness of a manufacturing company. The choice of appropriate manufacturing equipment is an extremely important management decision. This paper presents a multi-attribute approach to equipment replacement decisions based on the product life-cycle. The problem is formulated using the System-With-Feedback (SWF) model developed by Saaty [10]. Saaty's model is particularly suitable tor the modeling of time-dynamic and tnieraciive elements of such replacement situations.

ISSN:0013-791X    

DOI:10.1080/00137919308903107

出版商:Taylor & Francis Group    

年代:1993

数据来源: Taylor

ISSN:0013-791X    

DOI:10.1080/00137919308903108

出版商:Taylor & Francis Group    

年代:1993

数据来源: Taylor

ISSN:0013-791X    

DOI:10.1080/00137919308903109

出版商:Taylor & Francis Group    

年代:1993

数据来源: Taylor

ISSN:0013-791X    

DOI:10.1080/00137919308928038

出版商:Taylor & Francis Group    

年代:1993

数据来源: Taylor

ISSN:0013-791X    

DOI:10.1080/00137919308928039

出版商:Taylor & Francis Group    

年代:1993

数据来源: Taylor