IIE/Joint Publishers Book of the Year Award 2016! Awarded for ‘an outstanding published book that focuses on a facet of industrial engineering, improves education, or furthers the profession’. Engineering Decision Making and Risk Management emphasizes practical issues and examples of decision making with applications in engineering design and management Featuring a blend of theoretical and analytical aspects, this book presents multiple perspectives on decision making to better understand and improve risk management processes and decision-making systems. Engineering Decision Making and Risk Management uniquely presents and discusses three perspectives on decision making: problem solving, the decision-making process, and decision-making systems. The author highlights formal techniques for group decision making and game theory and includes numerical examples to compare and contrast different quantitative techniques. The importance of initially selecting the most appropriate decision-making process is emphasized through practical examples and applications that illustrate a variety of useful processes. Presenting an approach for modeling and improving decision-making systems, Engineering Decision Making and Risk Management also features: Theoretically sound and practical tools for decision making under uncertainty, multi-criteria decision making, group decision making, the value of information, and risk management Practical examples from both historical and current events that illustrate both good and bad decision making and risk management processes End-of-chapter exercises for readers to apply specific learning objectives and practice relevant skills A supplementary website with instructional support material, including worked solutions to the exercises, lesson plans, in-class activities, slides, and spreadsheets An excellent textbook for upper-undergraduate and graduate students, Engineering Decision Making and Risk Management is appropriate for courses on decision analysis, decision making, and risk management within the fields of engineering design, operations research, business and management science, and industrial and systems engineering. The book is also an ideal reference for academics and practitioners in business and management science, operations research, engineering design, systems engineering, applied mathematics, and statistics.

This book is a sequel to The Practice of Machine Design, and The Practice of Machine Design, Book 3 – Learning from Failure. It deals with what happens inside the human mind during such activities as design and production, and how we reach decisions. Unlike other regular machine design textbooks or handbooks that describe how to accomplish good designs, the present volume explains what the designer thinks when making design decisions. A design starts with a vague concept and gradually takes shapes as it proceeds, and during this process the mind extracts elements and makes selections and decisions, the results expressed in sketches, drawings, or sentences. This book aims at exposing the reader to the processes of element extraction, selection, and decision-making through real-life examples. Such a book has never been published before. An explicit description of the processes of making decisions, on the contrary, has been greatly needed by designers, and the managers of design groups have been much aware of such a lack. The non-existence of this type of book in the past is due to the following three reasons: the benefit of describing the mind process of design was never made clear, the method of such clarification was unknown, and no one ever invested the vast energy for producing such a manifestation. Under these circumstances, we the members of the “Practice of Machine Design Research Group” boldly tackled the problem of expressing the decision processes in design and have documented our findings in this book.

This book presents the outcomes of the annual “Engineering Economics Week – 2020,” organized by the Russian Union of Industrialists and Entrepreneurs, the Institute of Management and the Institute of Market Problems of the Russian Academy of Sciences (RAS), the South-Russian State Polytechnic University and Samara State University of Economics, and held in online format in May 2020. Focusing on the following topics: - the globalized economy and Russian industrial enterprises: development specifics and international co-operation; - state support for the real sector of the economy; - decisions in production and project management in the context of the digital economy; - big data and big challenges in production networks and systems ; and - economic and social aspects of the innovation management: decision-making and control this book will appeal to scientists, teachers and students (bachelor’s, master’s and postgraduate) at higher education institutions, economists, specialists at research centers, managers of industrial enterprises, business professionals, and those at media centers, and development fund and consulting organizations.

Designing new products and improving existing ones is a continual process. Industrial design engineering is an industrial engineering process applied to product designs that are to be manufactured through techniques of production operations. Excellent industrial design engineering programs are essential for the nation’s industry to succeed in selling useful and ecologically justifiable and usable products on a market flooded with goods and services. This unique text on industrial design engineering integrates basic knowledge, insight, and working methods from industrial engineering and product design subjects. Industrial Design Engineering: Inventive Problem Solving provides a combination of engineering thinking and design skills that give the researchers, practitioners, and students an excellent foundation for participation in product development projects and techniques for establishing and managing such projects. The design principles are presented around examples related to the designing of products, goods, and services. Case studies are developed around real problems and are based on the customer’s needs.

This book presents a comprehensive overview of engineering management, giving readers a complete picture of this research field. Following an introduction, the book explores: • Engineering Management Ontology • Engineering Management Epistemology • Engineering Management Methodology • Engineering Management Decision Theory • Engineering Management Organization Theory • Engineering Management Value Theory • Engineering Management Innovation Theory • Engineering Management Environment Theory • Engineering Management Humanities • Engineering Management Ethics Theory The book includes case studies that demonstrate how various concepts can be practically applied to resolve real-world problems. The book is a valuable read for professionals of engineering management, management and systems engineering.

Engineers often find themselves tasked with the difficult challenge of developing a design that is both technically and economically feasible. A sharply focused, how-to book, Engineering Economics and Economic Design for Process Engineers provides the tools and methods to resolve design and economic issues. It helps you integrate technical a