ISBN-10:
0470486767
ISBN-13:
9780470486764
Pub. Date:
09/14/2010
Publisher:
Wiley
The Economics of Human Systems Integration: Valuation of Investments in Peoples Training and Education, Safety and Health, and Work Productivity / Edition 1

The Economics of Human Systems Integration: Valuation of Investments in Peoples Training and Education, Safety and Health, and Work Productivity / Edition 1

by William B. Rouse, Richard Drawbaugh
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Overview

Human Systems Integration (HSI) is a new and fundamental integrating discipline designed to help move business and engineering cultures toward more human-centered systems. Integrating consideration of human abilities, limitations, and preferences into engineering systems yields important cost and performance benefits that otherwise would not have been accomplished. In order for this new discipline to be effective, however, a cultural-change starting with organizational leadership-is often necessary.

The Economics of Human Systems Integration explains the difficulties underlying valuation of investments in people's training and education, safety and health, and work productivity. It provides an overview of how the field of economics addresses these difficulties, focusing on human issue associated with design, development, production, operations, maintenance, and sustainment of complex systems.

The set of thought leaders recruited as contributors to this volume collectively provides a compelling set of data and principles for assessing the economic value of investing people, not just in general but in specific investment situations. The early chapters provide the contexts for HIS and investment analysis, illustrating the enormous difference context makes in how issues are best framed and analyzed. A host of practical methods and tools for investment valuation are then presented. Provided are:

A variety of real-world applications of economic analysis ranging from military acquisition and automotive investment to healthcare and high-tech investments in general, in both the U.S. and abroad.

A range of economics-based methods and tools for cost analysis, cost-benefit analysis, and investment analysis, as well as sources of data for performing such analyses

Differing perspectives on economic decision-making, including a range of private sector points of view, as well as government and regulatory perspectives

In addition, five real-world case studies illustrate how such valuations have been done and their major impacts on investment decisions. HIS professionals, systems engineers, and finance professionals who address investment analysis will appreciate the wide range of methods and real-life applications; senior undergraduates and masters-level graduate students will find this to be an excellent textbook that provides theory and supports practice.

Product Details

ISBN-13: 9780470486764
Publisher: Wiley
Publication date: 09/14/2010
Series: Wiley Series in Systems Engineering and Management Series , #72
Pages: 440
Product dimensions: 6.30(w) x 9.40(h) x 1.00(d)

About the Author

William B. Rouse is Executive Director of the Tennenbaum Institute at the Georgia Institute of Technology. He is also a professor in the College of Computing and School of Industrial and Systems Engineering. Rouse's earlier positions include chair of the School of Industrial and Systems Engineering, CEO of two innovative software companies—Enterprise Support Systems and Search Technology—and faculty positions at Georgia Tech, University of Illinois, Delft University of Technology, and Tufts University.

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Table of Contents

Preface vii

Contributors xi

Part I Introduction 1

1 Introduction William B. Rouse 3

2 Industry and Commercial Context William B. Rouse 17

3 Government and Defense Context William B. Rouse Douglas A. Bodner 37

Part II Economics Overview 57

4 Human Capital Economics William B. Rouse 59

5 Labor Economics Nachum Sicherman 69

6 Defense Economics Keith Hartley 79

7 Engineering Economics William B. Rouse 97

Part III Models, Methods, and Tools 123

8 Parametric Cost Estimation for Human Systems Integration Ricardo Valerdi Kevin Liu 125

9 A Spreadsheet-Based Tool for Simple Cost-Benefit Analyses of HSI Contributions During Software Application Development Deborah J. Mayhew 163

10 Multistage Real Options Michael J. Pennock 185

11 Organizational Simulation for Economic Assessment Douglas A. Bodner 209

Part 4 Case Studies 237

12 HIS Practices in Program Management: Case Studies of Aegis Aruna Apte 239

13 The Economic Impact of Integrating Ergonomics within an Automotive Production Facility W. Gary Allread William S. Marras 267

14 How Behavioral and Biometric Health Risk Factors Can Predict Medical and Productivity Costs for Employers Ron Z. Goetzel Enid Chung Roemer Maryam Tabrizi Rivka Liss-Levinson Daniel K. Samoly 287

15 Options for Surveillance and Reconnaissance William B. Rouse 315

16 Governing Opportunism in International Armaments Collaboration: The Role of Trust Ethan B. Kapstein 327

Index 341

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"It provides an overview of how the field of economics addresses these difficulties, focusing on human issues associated with design, development, production, operations, maintenance, and sustainment of complex systems." (Smart Grid, 9 February 2011)

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