Analyses for Durability and System Desig

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An issue in engineering design is a system's design lifetime. Economists study durability choice problems for consumer goods but seldom address lifetime problem(s) of complex engineering systems. The issues for engineering systems are complex and mu…

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    Om Analyses for Durability and System Desig

    An issue in engineering design is a system's design lifetime. Economists study durability choice problems for consumer goods but seldom address lifetime problem(s) of complex engineering systems. The issues for engineering systems are complex and multidisciplinary and require an understanding of the 'technicalities of durability' and the economic implications of the marginal cost of durability and value maximization. Commonly the design lifetime for an infrastructure is set between 30 and 70 years. Satellite lifetimes are also assigned arbitrarily or with limited analysis. This book provides a systemic qualitative and quantitative approach to these problems addressing, first, the technicality of durability, second, the marginal cost of durability, and third, the durability choice problem for complex engineering systems with network externalities (competition and market uncertainty) and obsolescence effects (technology evolution). Since the analyses are system-specific, a satellite example is used to illustrate the essence and provide a quantitative application of said analyses.

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    Detaljer

    Format
    E-Bok
    Filformat
    PDF
    Utgivelsesår
    2007
    Forlag
    Cambridge University Press
    Språk
    Engelsk
    ISBN
    9781107179233

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