Applied Economic Analysis for Technologists, Engineers, and Managers

Applied Economic Analysis for Technologists, Engineers, and Managers

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This book provides a practical approach to making integrated financial decisions in contemporary organizations. While mathematics is used throughout, it focuses on the application of the math techniques used in real-world settings. Examples, Questions, Problems, and Discussion Cases balance quantitative analysis, team based decisions, technical factors, and qualitative information. A four-part organization covers financial concepts, financial analysis and time value of money, financial decision making, and continuous financial improvement. For those working in design, process and manufacturing engineering, purchasing, and financial analysis in both manufacturing and service organizations; for members of financial improvement teams; and for technical and senior managers.Henry Ford reduced production time from more than 12 hours per car in 1911 to less than 15 seconds per car in 1925. ... This cultural force causes us to start before we are ready and make mistakes rather than plan. ... If aquot;mistake makingaquot; is part of our culture, focus on what caused the failure, not who. and improvements will be more effective. ... The American kid opens the box. tosses the instruction manual aside, begins to assemble something different from the instructions, and thenanbsp;...

Title:Applied Economic Analysis for Technologists, Engineers, and Managers
Author:Michael S. Bowman
Publisher:Pearson College Division - 2003


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