Applied Systems Analysis: Engineering Planning and Technology Management |
Common terms and phrases
airport alternatives amount applied assume assumptions attributes average benefit-cost ratio benefits budget calculate Chapter choice concept consider constraint method cost-effectiveness cumulative return function decision analysis decision tree decision variables defined determine discount rate distribution dynamic programming economic economies of scale engineering equations estimates evaluation example expansion path expected value factor feasible region Figure formula illustrates increase indicates input cost function investment isoquant Lagrangean likelihood ratio linear programming lottery marginal products maximize maximum measured million minimize multiattribute utility multiobjective net present value noninferior solutions nonlinear objective function obtain opportunity costs optimal design optimum outcomes output parameters period possible practice preferences present value probability problem procedure production function provides range rate of return represent requires returns to scale Section sensitivity analysis shadow price simply situation specific stage systems analysis typically unit utility function weighting method X₁ zero