Many projects in industry and government go over budget and schedule. In most engineering economics courses, the emphasis is on how to compare alternatives and learn about time value of money and interest and inflation rates. The students are usually given the costs and asked to compare the...

This paper updates and expands upon a previous study [Remer, D.S., Mattos, F.B., 2003. Cost and scale-up factors, international inflation indexes and location factors. International Journal of Production Economics 84, 16] on cost and location factors used in the US and internationally. The...

Companies use various project evaluation techniques to determine the feasibility and profitability of a project. We surveyed some of the largest “Fortune 500” Industrial and Service corporations in December 1991 about their use of these techniques. The survey was compared to a similar 1978...

High energy efficiency and special low-cost races make cogeneration an attractive energy production method. Large cogeneration units have proven economic for many applications. Here we report a case study on the profitability of a small, gas fired. 4 kW packaged cogenerator in a home or small...

An excellent way to apply the fundamental concepts of engineering economy is to evaluate the question of buying a home versus renting an apartment. Depending upon certain conditions, either alternative may be economically advantageous. Some of the variables include the mortgage and inflation...