Posted inRobotics
Posted inSupply Chain Management
Supply Chain Management – Goals
Every firm strives to match supply with demand in a timely fashion with the most…
Posted inSupply Chain Management
Supply Chain Management – Advantages
In this era of globalization where companies compete to provide the best quality products to…
Posted inSupply Chain Management
SCM – Introduction
Supply chain management (SCM) is the active management of supply chain activities to maximize customer value…
Posted inEngineering Economics
Treatment of Uncertainty
A final issue concerns the treatment of uncertainty. One method for explicitly introducing risk considerations…
Posted inEngineering Economics
Selection of Best Alternative
There are two considerations in determining benefit-cost criteria. The first pertains to project acceptability, while…
Posted inEngineering Economics
Measurement of Benefits and Costs
Direct losses are measured or estimated statistically or by a priori judgment. Actuarial fire-loss data…
Posted inEngineering Economics
Identification of Relevant Benefits and Costs
The identification of benefits and costs depends on the particular project under consideration. Thus, in…
Posted inEngineering Economics
Benefit-Cost Analysis
Benefit-cost analysis, also referred to as cost-benefit analysis, is a method of comparison in which…
Posted inEngineering Economics
Rate of Return
Rate of return is, by definition, the interest rate at which the present worth of…