A New Paradigm for Engineering Economy

ABSTRACT This paper discusses a fundamental change that appears to be occurring in the practical and theoretical aspects of engineering economy. Recent emphasis on the engineer's role in strategic and design-related decision processes has created a very real need for a change in focus in engineering economy technique and methodology. Several areas of research opportunity that arise because of the paradigm shift are also identified herein.

[1]  James S. Noble,et al.  Concurrent design and economic justification in developing a product , 1990 .

[2]  Billy E. Goetz.  ENGINEERING ECONOMY—TEACHING AND PRACTICE , 1959 .

[3]  Bart Huthwaite,et al.  The power of cost measurement in new product development , 1989 .

[4]  J. R. Dixon,et al.  The Neglect of Engineering Design , 1990 .

[5]  H. Johnson,et al.  Activity-Based Management: Past, Present, and Future , 1991 .

[6]  Vijay A. Tipnis,et al.  Economic evaluation of potential process innovation , 1983 .

[7]  I. Horowitz.  Engineering Economy: An Economist's Perspective , 1976 .

[8]  Leland Blank,et al.  The Changing Scene of Economic Analysis for the Evaluation of Manufacturing System Design and Operation , 1985 .

[9]  T. Kuhn,et al.  The Structure of Scientific Revolutions , 1963 .

[10]  M. Porter.  Competitive Advantage: Creating and Sustaining Superior Performance , 1985 .

[11]  U. Bertelè,et al.  Measuring the economic effectiveness of flexible automation: a new approach , 1989 .

[12]  Nallan C. Suresh,et al.  Towards an integrated evaluation of flexible automation investments , 1990 .

[13]  J. Brimson.  Activity Accounting: An Activity-Based Costing Approach , 1991 .

[14]  Robert S. Kaplan,et al.  New Systems for Measurement and Control , 1991 .

[15]  R. Kaplan,et al.  Measure Costs Right: Make the Right Decisions , 1988 .

[16]  J. R. Dixon.  New goals for engineering education , 1991 .

[17]  John G. Wacker,et al.  An integrative theory of strategic quality management: a cost-benefit framework for evaluating quality improvement programmes† , 1989 .

[18]  Rajan Suri,et al.  Design for analysis: A new strategy to improve the design process , 1989 .

[19]  Young K. Son,et al.  Economic measure of productivity, quality and flexibility in advanced manufacturing systems , 1987 .