THE BASICS OF ENGINEERING ECONOMY Economics * It is defined as the sum total of knowledge which treats of the creation (production), distribution and utilization (consumption) of goods and services for the satisfaction of human needs and wants * The body of knowledge which deals with people and their assets or resources Money * Anything that is generally acceptable as a means of exchange a unit of measure and acts as a store value Engineering (Accreditation Board for Engineering
Words: 3086 - Pages: 13
Additional information, including supplemental material and rights and permission policies, is available at http://ite.pubs.informs.org. Vol. 9, No. 1, September 2008, pp. 1–9 issn 1532-0545 08 0901 0001 informs ® doi 10.1287/ited.1080.0014 © 2008 INFORMS INFORMS Transactions on Education Using Simulation to Model Customer Behavior in the Context of Customer Lifetime Value Estimation Shahid Ansari, Alfred J. Nanni Accounting and Law Division, Babson College, Wellesley, Massachusetts
Words: 7074 - Pages: 29
mission statements, business principles and its various public reports. * To provide superior returns to its shareholders. Goldman Sachs believes that profitability is critical to achieving superior returns, building their capital, and attracting and keeping the best people. This is a very quantifiable goal and its measured every quarter and is a primary indicator of the health of the firm. It thus relates to measurability of the SMART model1. * Strive
Words: 651 - Pages: 3
Evangelism by Abstract Dr. Jerry Pipes and Victor Lee’s book Family to Family: Leaving a Lasting Legacy, provides a systemic approach to creating a healthy Christ-centered family. The book defines healthy families as those that spend time building meaningful relationship with each other and center those relationships on Jesus Christ. The healthy Christian family passes the Christian faith from one generation to the next. Healthy Christian families are comprised by individuals who are growing
Words: 1947 - Pages: 8
satisfaction, not a property’s financial performance”. Also both Satre’s and Loveman’s secret was not to built fancy or extravagant facilities “billion-dollar casinos” as it was not the most prudent use of capital because “the returns on such buildings often waken when the novelty wanes”. But rather, they strive on dazzling customers with exceptional service. What a smart strategy. Another interesting point I found on this article was that Harrah’s
Words: 1771 - Pages: 8
L O G I L I T Y V O YA G E R S O L U T I O N S An Executive White Paper Four Pillars of Demand Planning Excellence Achieving higher supply chain performance with more powerful, accurate demand planning L O G I L I T Y V O YA G E R S O L U T I O N S An Executive Whitepaper Table of Contents Pillar #1: Go Beyond Simple Forecasting .....3 Pillar #2: Beat the “Devil in the Details” Using a Demand Aggregation Hierarchy........5 Pillar #3: Take Planner Productivity to the Next Level .
Words: 4640 - Pages: 19
providing two points of view: strategic and tactical. These are: top management support, a business plan and vision, top management support, change management program, project management, implementation strategies, project team, business process modeling and minimal customizations, monitoring and performance evaluation, software development, testing and troubleshooting, legacy systems. Keywords— ERP implementation, critical success factors, IT project, management I. INTRODUCTION Complex IT
Words: 8418 - Pages: 34
What is Leadership? Leadership is a process of getting things done through people. Leaders are getting things done by working through people. Leadership has been described as the "process of social influence in which one person can enlist the aid and support of others in the accomplishment of a common task”. (Chemers, M. M. (2002). Meta-cognitive, social, and emotional intelligence of transformational leadership: Efficacy and Effectiveness. In R. E. Riggio, S. E. Murphy, F. J. Pirozzolo (Eds.)
Words: 1779 - Pages: 8
Project Delivery at Autodesk, Inc. Project Management Leadership BUS 518 26 February, 2012 As project leader for the office building construction project, formulate a vision statement for the team project. According to Gray and Larson (2008) a vision is unlike a project scope statement, which includes: budget, end dates, and performance requirements, a vision involve the less tangible aspects of project performance. It refers to an image a project team holds in common about how the project
Words: 1725 - Pages: 7
CONSUMER BEHAVIOR NOTES CHAPTER # 5 “CONSUMER LEARNING” LEARNING: ⇨ “It is a relatively permanent change in behavior caused by experience”. CONSUMER LEARNING: ⇨ “Process by which individuals acquire the purchase and consumption knowledge and experience that they apply to future related behavior”. ⇨ Consumer learning is a process that continuously evolves and changes as a result of newly acquired knowledge (which could be gained from reading, from discussions, from observations,
Words: 5402 - Pages: 22
