Book description
An Authoritative Introduction to a Major Subject in Systems
Engineering and Management
This important volume fills the need for a textbook on the
fundamentals of economic systems analysis and assessment, illustrating
their vital role in systems engineering and systems management.
Providing extensive coverage on key topics, it assumes no prior
background in mathematics or economics in order to comprehend the material.
The book is comprised of five major parts:
-
Microeconomics: a concise overview that covers production and
the theory of the firm; theory of the consumer; market
equilibria and market imperfections; and normative or welfare
economics, including imperfect competition effects and consumer
and producer surplus
-
Program Management Economics: discusses economic valuation of
programs and projects, including investment rates of return;
cost-benefit and cost-effectiveness analysis; earned value
management; cost structures and estimation of program costs and
schedules; strategic and tactical pricing issues; and capital
investment and options
-
Cost Estimation: reviews cost-estimation technologies involving
precedented and unprecedented development,
commercial-off-the-shelf (COTS) software, software reuse,
application generators, and fourth-generation languages
-
Strategic Investments in an Uncertain World: addresses
alternative methods for valuation of firms including Stern
Stewart's EVA, Holt's CFROI, and various competing methodologies
-
Contemporary Perspectives: covers ongoing extensions to theory
and practice that enable satisfactory treatment of the
increasing returns to scale, network effects, and path-dependent
issues generally associated with contemporary ultra-large-scale
telecommunications and information networks
Also discussed in this comprehensive text are normative or welfare
economics and behavioral economics; COCOMO I and II and COSYSMO as
examples of a cost model; and options-based valuation models and
valuation of information technology intensive enterprises.
Economic Systems Analysis and Assessment serves as an ideal
textbook for senior undergraduate and first-year graduate courses in
economic systems analysis and assessment, as well as a valuable
reference for engineers and managers involved with information
technology intensive systems, professional economists, cost analysts,
investment evaluators, and systems engineers.
Andrew P. Sage, PhD, is University Professor and
First American Bank Professor at George Mason University in Fairfax,
Virginia. He is a Fellow of the IEEE, the American Association for the
Advancement of Science, and International Council on Systems
Engineering (INCOSE). The winner of numerous awards, Dr. Sage is the
editor of the Wiley Series in Systems Engineering and Management and
the founding editor of the INCOSE journal Systems Engineering. He is a
member of the National Academy of Engineering. William B. Rouse,
PhD, is the Executive Director of the Tennenbaum Institute at the
Georgia Institute of Technology, and a faculty member in the School of
Industrial and Systems Engineering and the College of Computing. A
former CEO of two innovative software companies, he has four decades
of experience in research, education, engineering, management, and
marketing. Dr. Rouse has written hundreds of articles and book
chapters and has authored many books. He is a member of the National
Academy of Engineering and a fellow of several professional societies.
