Engineering Economy and the Decision-Making Process

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9780131424012: Engineering Economy and the Decision-Making Process

Presents engineering economy in the content context of the entire decision-making framework. Features a four-part structure that starts with the basics of engineering economy and then walks through each step in the decision-making process. Includes examples throughout the book that stem from real-life applications. Introduces and integrates the use of computers and spreadsheets in economic analysis. For engineering professionals looking for increased awareness of the issues involved with engineering economics.

 

 

 

 

 

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About the Author:

Joseph C. Hartman Biography is the Soteria and George N. Kledaras ‘87 Endowed Chair, Associate Professor, and Department Chair with the Department of Industrial and Systems Engineering, Lehigh University, Bethlehem, PA.  He received the B.S. degree in general engineering from the University of Illinois at Urbana—Champaign in 1992 and the M.S. and Ph.D. degrees in industrial and systems engineering from the Georgia Institute of Technology, Atlanta, in 1994 and 1996, respectively.

     His research focuses on discrete optimization with applications in engineering economics, finance, and transportation systems. His work has been supported by numerous companies and has also been funded by the National Science Foundation, including the CAREER award in 1999. He has published in a number of the leading journals in his field, including The Engineering Economist, IIE Transactions, Transportation Science, the European Journal of Operational Research, and Naval Research Logistics

   Hartman    Hartman currently advises six graduate students.  He has graduated six Ph.D. students (employed at GM Research, Agere Systems, Lock Haven University, Health Products Research, Sentient Jet, and the University of San Diego), 16 M.S. students (employed at American Express, Bank One, State Farm Insurance, Norfolk Southern Corporation, Schneider Logistics, Proctor and Gamble, Air Products and Chemicals, and others), and four undergraduate theses (employed at Binney and Smith, marketRX, and IBM Consulting).  Of the 22 graduates, ten have been women and one a minority.  He has also served as the graduate advisor for his department since 2001. In addition to his teaching and research, in 2004 heHartman was named Editor of the refereed quarterly The Engineering Economist, a publication devoted to problems of capital investment. He had served as an Area Editor for the six previous years. He recently served as a guest editor for the IMA Journal on Management Mathematics with colleagues from England.  He won the Eugene L. Grant award in 2000 for the best paper published in Volume 44 of The Engineering Economist and again in 2005 for best paper in Volume 49.

   HeHartman is very active in the Institute of Industrial Engineers (IIE), the American Society of Engineering Education (ASEE), and the Institute for Operations Research and Management Science (INFORMS). He has served as the director of the Engineering Economy Divisions for both IIE and ASEE and has also served on the planning committee for the Industrial Engineering Research Conference. He is currently on the Board of Trustees for IIE as Vice President for Publications. He recently served on the subcommittee for Engineering Economy on revising ANSI standards, an effort led by IIE.

   Hartman received his M.S. (1994) and Ph.D. (1996) in Industrial and Systems Engineering from the Georgia Institute of Technology after receiving his B.S. (1992) in General Engineering from the University of Illinois at Urbana-Champaign.  He visited Lehigh University for the 1996-97 academic year before joining the faculty as an Assistant Professor in 1997.  He received tenure in the spring of 2002.  Additionally, he has been a licensed Professional Engineer in the state of Pennsylvania since 2003.  He previously worked for Norfolk Southern Corporation, IBM, and the Illinois Department of Transportation. 

He Hartmanresides in Easton, PA with his wife and three children.

 

 

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