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Analyses for Durability and System Design Lifetime

Name: Analyses for Durability and System Design Lifetime
Brand: Cambridge University Press
SKU: 02048105
Price: 111.18 EUR
Availability: InStock
Author: Joseph H. Saleh
ISBN: 9780521867894

A Multidisciplinary Approach

Joseph H. Saleh

Jazyk

Angličtina

Kniha Pevná

Libristo kód: 02048105

Nakladateľstvo Cambridge University Press, február 2008

This book was published in 2008. An issue in engineering design is a system's design lifetime. Econo... Celý popis

Libristo kód: 02048105

269 b

111.18 €

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This book was published in 2008. 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.