This senior- to graduate-level text provides a comprehensive introduction to applied systems analysis, emphasizing engineering economics and operations research from the engineer's point of view. It incorporates techniques and concepts most often used in practice to help students and practitioners apply systems analysis successfully and productively. The topics of optimization and evaluation are discussed with a special focus on formulating problems correctly, determining the proper analysis method to use, translating the mathematical results into improved design, and identifying optimal strategies in long-term projects.

McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

Part I: System Optimization

1 Introduction

2 Production Functions

3 Introduction to Constrained Optimization

4 Marginal Analysis

5 Linear Programming

6 Sensitivity Analysis

7 Dynamic Programming

8 Multiobjective Optimization

9 Systems

10 Optimization Procedure

Part II: System Evaluation

11 Introduction

12 Comparison Over Time

13 Choice of Discount Rate

14 Evaluation Criteria

15 Cost Estimation

16 Risk Assessment

17 Decision Analysis

18 Information Gathering

19 Value and Utility Functions

20 Measurement of Utility

21 Multiattribute Utility

22 Collective Decision-Making