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ISBN 10: 1556179510
ISBN 13: 9781556179518
Author: Paul G Friedmann
Introduction and Overview
An introduction to the significance of economic analysis in automation projects and an overview of the book's structure.
Basic Concepts
Foundational economic principles relevant to automation and control systems.
Benefit Identification
Methods for identifying potential benefits that automation can bring to an organization.
Benefit Estimation
Techniques for quantifying the identified benefits in monetary terms.
Cost Identification
Approaches to recognizing and categorizing costs associated with automation projects.
Cost Estimation
Methods for estimating the costs involved in implementing automation and control systems.
Cash Flow Analysis
Analysis of cash inflows and outflows to assess the financial viability of automation projects.
Economic Evaluation Techniques
Various techniques for evaluating the economic feasibility of automation projects, including Net Present Value (NPV) and Return on Investment (ROI).
Risk Analysis
Assessing the risks involved in automation projects and their potential economic impacts.
Case Studies
Real-world examples illustrating the application of economic analysis in automation projects.
Glossary of Economic Terms
A comprehensive glossary to help readers understand economic terminology used throughout the book.
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Tags: Paul G Friedmann, Automation, systems
