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Engineering managerial economic decision and risk analysis: economic decision-making and risk analysis
This is not another book on engineering economics. Rather, this book is directed
to the engineering manager or the undergraduate student preparing to become an
engineering manager, who is, or will become, actively engaged in the management
of economic risk trade-off decisions for engineering investments within an organi-
zational system. In today’s global economy, this may mean managing the economic
risks of engineering investments across national boundaries in international orga-
nizations, government, or service organizations. As such, this is an applied bookThe book’s goal is to provide an easy-to-understand, up-to-date, and coherent treatment of the management of the economic risk trade-offs of engineering investments. This book accomplishes this goal by cumulatively sequencing knowledge content from foundational economic and accounting concepts to cost estimating to the traditional engineering economics knowledge culminating in fundamental engineering managerial economic decision making incorporating risk into engineering management economic decisions.
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