Real Options in Engineering Design, Operations, and Management presents and synthesizes the body of knowledge in the area of real options for engineering systems. Providing case studies and step-by-step computations of real options valuation, it covers engineering applications across different disciplines such as industrial and civil engineering, and computer science. The authors review financial-option research results, consider how to quantify engineering activities, and analyze optimal business strategies based on a variety of real option models. They integrate academic work on real options in engineering, current practice, and discussion of future needs and opportunities.
Flexibility in decision making allows firms to compete more effectively in a world of substantial price and demand uncertainty, product variety, short product life cycles, and rapid product development. And with more frequent demands being placed on engineering systems to change, managers and manufacturing systems must react to events as they unfold. This book explores a real options modeling framework for engineering transitions that allows decision makers to capture and investigate several alternatives for improving an engineering system.
Dr. Harriet Black Nembhard is associate professor of industrial engineering at Penn State University and Bashore Career Professor Director of QUEST (Quality Engineering and System Transitions Lab), established in 1998. Her research mission is to investigate the design and implementation of concepts and methods of quality, productivity, and system improvement for organizations during periods of change and transition. She examines ways to combine these methods with economic cost, risk, and capital measurements to advance the understanding of dynamic systems and improve decision making. Her current work focuses on the areas of nanomanufacturing, health-care and environmental sustainability. A certified Six Sigma Black Belt, she has served as a consultant for numerous corporations. She is a senior member of the American Society for Quality and of the Institute for Industrial Engineers. In 2003, she won the Armand V. Feigenbaum Medal award and the Lloyd S. Nelson award for her professional contributions. In 2006, she was elected to the International Academy for Quality.
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Knowledge flow provide learning book of Machine Design Engineering. This book is for all engineering students, teachers and professionals across the world. To understanding the all basic concepts of machine design in an easy way then this book of machine design is very helpful.
1. Introduction to Machine Design
2. Power transmission systems
3. Design of Belt drives
4. Design of Chain drives
5. Design of Gear drives
6. Internal Combustion Engine
7. Engine Cylinder
8. Piston and Rings
9. Connecting Rod
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While 3D printing has been grabbing headlines, high school, college, library, and other public makerspaces have been making things with CNC machines. With a CNC router, you can cut parts from strong, tactile, durable materials like wood. Once you have your design and material, you can set up your job and let it run. When it's done, you can put the project together for an heirloom of your own. While 3D printing can make exciting things with complex designs, CNCs are the digital workhorses that produce large-scale, long-lasting objects.
I believe, and I argue in this essay, that the ideas of engineering are in fact in our bones and part of our human nature and experience. Furthermore, I believe that an understanding and an appreciation of engineers and engineering can be gotten without an engineering or technical education. Thus I hope that the technologically uninitiated will come to read what I have written as an introduction to technology. Indeed, this book is my answer to the questions 'What is engineering?' and 'What do engineers do?'" - Henry Petroski, To Engineer is Human
This insightful book presents interviews with nearly 100 leading product managers from all over the world. Authors Richard Banfield, Martin Eriksson, and Nate Walkingshaw draw on decades of experience in product design and development to capture the approaches, styles, insights, and techniques of successful product managers. If you want to understand what drives good product leaders, this book is an irreplaceable resource.
In three parts, Product Leadership helps you explore:Themes and patterns of successful teams and their leaders, and ways to attain those characteristicsBest approaches for guiding your product team through the startup, emerging, and enterprise stages of a company’s evolutionStrategies and tactics for working with customers, agencies, partners, and external stakeholders