Computational Economic Analysis for Engineering and Industry

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.

Air Force Institute of Technology, Dayton, Ohio, USA Oak Ridge National Laboratory, Computer Sciences & Computati