Economic Systems Analysis and Assessment
Intensive Systems, Organizations,and Enterprises
von Andrew P. Sage und William B. RouseAn Authoritative Introduction to a Major Subject in SystemsEngineering and Management
This important volume fills the need for a textbook on thefundamentals of economic systems analysis and assessment, illustrating their vital role in systems engineering and systemsmanagement. Providing extensive coverage on key topics, it assumesno prior background in mathematics or economics in order tocomprehend the material.
The book is comprised of five major parts:
* Microeconomics: a concise overview that covers production andthe theory of the firm; theory of the consumer; market equilibriaand market imperfections; and normative or welfare economics, including imperfect competition effects and consumer and producersurplus
* Program Management Economics: discusses economic valuation ofprograms and projects, including investment rates of return; cost-benefit and cost-effectiveness analysis; earned valuemanagement; cost structures and estimation of program costs andschedules; strategic and tactical pricing issues; and capitalinvestment and options
* Cost Estimation: reviews cost-estimation technologies involvingprecedented and unprecedented development, commercial-off-the-shelf(COTS) software, software reuse, application generators, andfourth-generation languages
* Strategic Investments in an Uncertain World: addressesalternative methods for valuation of firms including SternStewart's EVA, Holt's CFROI, and various competingmethodologies
* Contemporary Perspectives: covers ongoing extensions to theoryand practice that enable satisfactory treatment of the increasingreturns to scale, network effects, and path-dependent issuesgenerally associated with contemporary ultra-large-scaletelecommunications and information networks
Also discussed in this comprehensive text are normative orwelfare economics and behavioral economics; COCOMO I and II andCOSYSMO as examples of a cost model; and options-based valuationmodels and valuation of information technology intensiveenterprises.
Economic Systems Analysis and Assessment serves as anideal textbook for senior undergraduate and first-year graduatecourses in economic systems analysis and assessment, as well as avaluable reference for engineers and managers involved withinformation technology intensive systems, professional economists, cost analysts, investment evaluators, and systems engineers.
This important volume fills the need for a textbook on thefundamentals of economic systems analysis and assessment, illustrating their vital role in systems engineering and systemsmanagement. Providing extensive coverage on key topics, it assumesno prior background in mathematics or economics in order tocomprehend the material.
The book is comprised of five major parts:
* Microeconomics: a concise overview that covers production andthe theory of the firm; theory of the consumer; market equilibriaand market imperfections; and normative or welfare economics, including imperfect competition effects and consumer and producersurplus
* Program Management Economics: discusses economic valuation ofprograms and projects, including investment rates of return; cost-benefit and cost-effectiveness analysis; earned valuemanagement; cost structures and estimation of program costs andschedules; strategic and tactical pricing issues; and capitalinvestment and options
* Cost Estimation: reviews cost-estimation technologies involvingprecedented and unprecedented development, commercial-off-the-shelf(COTS) software, software reuse, application generators, andfourth-generation languages
* Strategic Investments in an Uncertain World: addressesalternative methods for valuation of firms including SternStewart's EVA, Holt's CFROI, and various competingmethodologies
* Contemporary Perspectives: covers ongoing extensions to theoryand practice that enable satisfactory treatment of the increasingreturns to scale, network effects, and path-dependent issuesgenerally associated with contemporary ultra-large-scaletelecommunications and information networks
Also discussed in this comprehensive text are normative orwelfare economics and behavioral economics; COCOMO I and II andCOSYSMO as examples of a cost model; and options-based valuationmodels and valuation of information technology intensiveenterprises.
Economic Systems Analysis and Assessment serves as anideal textbook for senior undergraduate and first-year graduatecourses in economic systems analysis and assessment, as well as avaluable reference for engineers and managers involved withinformation technology intensive systems, professional economists, cost analysts, investment evaluators, and systems engineers.
