Economic Justification

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A comparison of alternative material handling equipment and the assessment of its impact on a company as far as taxes, depreciation, inflation and initial cost. Generally does involve activity based costing. (Wikipedia.org)






Conferences related to Economic Justification

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2020 19th IEEE Intersociety Conference on Thermal and Thermomechanical Phenomena in Electronic Systems (ITherm)

The ITherm Conference series is the leading international venue for scientific and engineering exploration of thermal, thermomechanical, and emerging technology issues associated with electronic devices, packages, and systems.


2020 IEEE Industry Applications Society Annual Meeting

The Annual Meeting is a gathering of experts who work and conduct research in the industrial applications of electrical systems.


2020 IEEE Power & Energy Society General Meeting (PESGM)

The Annual IEEE PES General Meeting will bring together over 2900 attendees for technical sessions, administrative sessions, super sessions, poster sessions, student programs, awards ceremonies, committee meetings, tutorials and more


2020 IEEE/PES Transmission and Distribution Conference and Exposition (T&D)

Bi-Annual IEEE PES T&D conference. Largest T&D conference in North America.


2020 IEEE/SICE International Symposium on System Integration (SII)

IEEE/SICE SII is the premier symposium series presenting the state of the art and future perspectives of System integration, where industry experts, researchers, and academics share ideas and experiences surrounding frontier technologies, breakthrough and innovative solutions and applications.2020 IEEE/SICE International Symposium on System Integrations (SII 2020) will be as the 12th symposium on system integration. System integration is one of the key technologies and the integration of hardware and software is especially important to solve the industrial or social system problems in new century. This symposium focuses to the new research and industrial application of system integration, and discusses the approach method to improve effectiveness of system integration.

  • 2019 IEEE/SICE International Symposium on System Integration (SII)

    IEEE/SICE SII is the premier symposium series presenting the state of the art and future perspectives of System integration, where industry experts, researchers, and academics share ideas and experiences surrounding frontier technologies, breakthrough and innovative solutions and applications.

  • 2017 IEEE/SICE International Symposium on System Integration (SII)

    System Integration,Control technology, Robotics technology, Network system control, Plant engineering, System hardware, System software, Integration platform, Artifacts, Mechatronics systems, Automation systems, Virtual reality systems, Entertainment systems, Micro-nano systems,Human and Society, Welfare/Environment / Ecological systems, Bio systems, Rescue/Security/Enterprise resource planning systems, Supply chain management/Intelligent transportation/Logistics systems, Human, Aging society, Health engineering, Assistive Technologies, Large-scale system simulation, Software/Networking systems, Decision making, Human-Robot cooperation/interaction

  • 2016 IEEE/SICE International Symposium on System Integration (SII)

    The topics of this symposium include, but not limited to1. System IntegrationControl technology, Robotics technology, Network system control, Plant engineering, System hardware, System software, Integration platform2. ArtifactsMechatronics systems, Automation systems, Virtual reality systems, Entertainment systems, Micro-nano systems3. Human and SocietyWelfare systems, Environment/Ecological systems, Bio systems, Rescue systems, Security systems, Enterprise resource planning systems, Supply chain management systems, Intelligent transportation systems, Logistics systems, Human, Aging Society, Health engineering4. Assistive TechnologiesLarge-scale system simulation, Software systems, Networking systems, Decision making systems

  • 2015 IEEE/SICE International Symposium on System Integration (SII)

    The topics of this symposium include, but nou limited to 1. System Integration Control technology, Robotics technology, Network system control, Plant engineerint, System hardware, System Software Integration platform, ... 2. Artifacts Mechatronics systems, Automation systems, Virtual reality systems, Entertainment systems, Micro-nano systems, ... 3. Human and Society Welfare systems, Environment/Ecological systems, Bio systems, Rescue systems, Security systems, Enterprise resource planning systems, Supply chain management systems, Intelligent transportation systems, Logistics systems, Human, Aging Society, Health engineering... 4. Assistive Technologies Large-scale system simulation, Software systems, Networking systems, Decision making systems, ...

  • 2014 IEEE/SICE International Symposium on System Integration (SII)

    The topics of this symposium include, but not limited to1. System IntegrationControl technology, Robotics technology, Network system control, Plant engineering, Systemhardware, System software, Integration platform,...2. ArtifactsMechatronics systems, Automation systems, Virtual reality systems, Entertainment systems,Micro-nano systems, ...3. Human and SocietyWelfare systems, Environment / Ecological systems, Bio systems, Rescue systems, Securitysystems, Enterprise resource planning systems, Supply chain management systems, Intelligent transportation systems, Logistics systems, Human, Aging Society, Health engineering...4. Assistive TechnologiesLarge-scale system simulation, Software systems, Networking systems, Decision makingsystems, ...

  • 2013 IEEE/SICE International Symposium on System Integration (SII)

    The topics of this symposium include, but not limited to 1. System IntegrationControl technology, Robotics technology, Network system control, Plant engineering, System hardware, System software, Integration platform,...2. ArtifactsMechatronics systems, Automation systems, Virtual reality systems, Entertainment systems, Micro-nano systems, ... 3. Human and SocietyWelfare systems, Environment / Ecological systems, Bio systems, Rescue systems, Security systems, Enterprise resource planning systems, Supply chain management systems, Intelligent transportation systems, Logistics systems, Human, Aging Society, Health engineering... 4. Assistive TechnologiesLarge-scale system simulation, Software systems, Networking systems, Decision making systems, ...

  • 2012 IEEE/SICE International Symposium on System Integration (SII 2012)

    System integration is one of the key technologies and the integration of hardware and software is especially important to solve the industrial or social system problems. This conference focuses to the new research and industrial application of system integration, and discusses the approach method to improve effectiveness of system integration.

  • 2011 IEEE/SICE International Symposium on System Integration (SII 2011)

    System integration is one of the key technologies and the integration of hardware and software is especially important to solve the industrial or social system problems in new century. This conference focuses to the new research and industrial application of system integration, and discusses the approach method to improve effectiveness of system integration.

  • 2010 IEEE/SICE International Symposium on System Integration (SII 2010)

    System integration is one of the key technologies and the integration of hardware and software is especially important to solve the industrial or social system problems in the new century. The symposium focuses on new researches and industrial applications of system integration.

  • 2009 IEEE/SICE International Symposium on System Integration (SII 2009)

    System integration is one of the key technologies and the integration of hardware and software is especially important to solve the industrial or social system problems in the new century. The symposium focuses on new researches and industrial applications of system integration.

  • 2008 IEEE/SICE International Symposium on System Integration (SI International 2008)

    System integration is an important key issue in the recent trend of technology which gives objective-oriented solutions to vairous problems. The symposium focuses on principles and practices of future system integration on the basis of fact cases.


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Periodicals related to Economic Justification

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Aerospace and Electronic Systems Magazine, IEEE

The IEEE Aerospace and Electronic Systems Magazine publishes articles concerned with the various aspects of systems for space, air, ocean, or ground environments.


Communications Magazine, IEEE

IEEE Communications Magazine was the number three most-cited journal in telecommunications and the number eighteen cited journal in electrical and electronics engineering in 2004, according to the annual Journal Citation Report (2004 edition) published by the Institute for Scientific Information. Read more at http://www.ieee.org/products/citations.html. This magazine covers all areas of communications such as lightwave telecommunications, high-speed data communications, personal communications ...


Communications, IEEE Transactions on

Telephone, telegraphy, facsimile, and point-to-point television, by electromagnetic propagation, including radio; wire; aerial, underground, coaxial, and submarine cables; waveguides, communication satellites, and lasers; in marine, aeronautical, space and fixed station services; repeaters, radio relaying, signal storage, and regeneration; telecommunication error detection and correction; multiplexing and carrier techniques; communication switching systems; data communications; and communication theory. In addition to the above, ...


Education, IEEE Transactions on

Educational methods, technology, and programs; history of technology; impact of evolving research on education.


Electromagnetic Compatibility, IEEE Transactions on

EMC standards; measurement technology; undesired sources; cable/grounding; filters/shielding; equipment EMC; systems EMC; antennas and propagation; spectrum utilization; electromagnetic pulses; lightning; radiation hazards; and Walsh functions


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Most published Xplore authors for Economic Justification

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Xplore Articles related to Economic Justification

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Economic justification of process improvement and automation projects

1997 IEEE Annual Textile, Fiber and Film Industry Technical Conference, 1997

Economic justification is the burden of proof for the necessity of process improvement and automation projects. Process improvement and automation projects are undertaken to achieve business objectives. The prospective project's financial return versus the hurdle rate, and its various forms, is the primary information required to make business decisions. This paper describes the steps required to determine the financial return ...


A practical analysis of the economic justification for small RAPS systems [remote area power supply]

IEE Colloquium on Small Wind Power Systems (Digest No. 1996/175), 1996

In New Zealand, due to the deregulation of the power industry, the statutory obligation to supply electric power to remote areas has ceased. This paper aims to justify the development of remote area power supply (RAPS) systems for rural use and describes how there is room for a really robust cheap wind turbine with outputs in the range 1-5 kW. ...


Technical and Economic Justification of the Functions and their Graphic Representation of a High-tech Enterprise

2018 International Conference on High Technology for Sustainable Development (HiTech), 2018

Functions and their graphic presentation are some of the most widely used tools in various economic analyses of a business. After a graph is drawn, it is necessary to interpret it correctly in order to accurately assess the situation of the industrial company. The types of functions presented in the paper are viewed in terms of their application in economic ...


Economic Justification of DA: The Benefit Side

2007 IEEE Power Engineering Society General Meeting, 2007

This paper presents a procedure for determining the level of distribution automation (DA) that is appropriate for the utility's specific situation. The objective is to develop answers to two main questions: 1. Which DA applications should be considered? 2. What DA benefits will be achieved by implementing these DA applications?


Factory automation economic justification by Taguchi method: automotive example

Conference Record of the 1991 IEEE Industry Applications Society Annual Meeting, 1991

Taguchi loss function methodology is used to evaluate process improvement economics relating to a minivan rear wheel alignment problem that is presumed to be correctable on the assembly line by application of automation. A customer perspective is presented wherein principal data are obtained from an actual case study. Pertinent factory costs are estimated for illustrative purposes to allow the consideration ...


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Educational Resources on Economic Justification

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IEEE-USA E-Books

  • Economic justification of process improvement and automation projects

    Economic justification is the burden of proof for the necessity of process improvement and automation projects. Process improvement and automation projects are undertaken to achieve business objectives. The prospective project's financial return versus the hurdle rate, and its various forms, is the primary information required to make business decisions. This paper describes the steps required to determine the financial return for a prospective project while taking into account life cycle costs.

  • A practical analysis of the economic justification for small RAPS systems [remote area power supply]

    In New Zealand, due to the deregulation of the power industry, the statutory obligation to supply electric power to remote areas has ceased. This paper aims to justify the development of remote area power supply (RAPS) systems for rural use and describes how there is room for a really robust cheap wind turbine with outputs in the range 1-5 kW. It is found to be quite clear that everybody is willing to pay more now for power, as insurance against expected huge rate hikes and power shortages.

  • Technical and Economic Justification of the Functions and their Graphic Representation of a High-tech Enterprise

    Functions and their graphic presentation are some of the most widely used tools in various economic analyses of a business. After a graph is drawn, it is necessary to interpret it correctly in order to accurately assess the situation of the industrial company. The types of functions presented in the paper are viewed in terms of their application in economic analysis. A study of a particular firm has been made, the obtained data has been presented in table form and the graphic approach has been used to depict their functions. The authors have drawn conclusions and have made recommendations.

  • Economic Justification of DA: The Benefit Side

    This paper presents a procedure for determining the level of distribution automation (DA) that is appropriate for the utility's specific situation. The objective is to develop answers to two main questions: 1. Which DA applications should be considered? 2. What DA benefits will be achieved by implementing these DA applications?

  • Factory automation economic justification by Taguchi method: automotive example

    Taguchi loss function methodology is used to evaluate process improvement economics relating to a minivan rear wheel alignment problem that is presumed to be correctable on the assembly line by application of automation. A customer perspective is presented wherein principal data are obtained from an actual case study. Pertinent factory costs are estimated for illustrative purposes to allow the consideration of a capital expenditure that is justified to minimize loss to society, i.e. the manufacturer and customers. Loss for both is calculated for three alternatives: do nothing; implement 100% product inspection and rework defectives; and implement process improvement automation. A case is made for a new category of justification for capital investments in factory equipment, namely, to increase measured value to customers.<<ETX>>

  • Economic justification of health and safety regulations

    Investment analysis plays a key role in gaining management commitment to voluntary regulation. A technique using lost-time injury data and employment hours estimates the dollar value of workplace change that affects health and safety. This technique as well as others is being taught to field engineers working with companies involved in voluntary regulatory programs.

  • City Distribution Automation Projects - Economic Justification Aspects

    There have been several automation projects by power distribution utilities across India that have focused on control and monitoring of the primary distribution networks. Distribution control centers have been set up and the primary substations (generally 66/11kV or 33/11kV) are covered by such SCADA systems. Encouraged by the benefits derived out of such initiatives, several Indian utilities have started to explore possibilities of taking automation down to the secondary distribution network. In this paper, the authors describe the economic justification of implementing a distribution control center for Chennai City. The authors step through the implementation of the project and share the experience gained along the way to explain how the project was commissioned successfully and the benefits that were derived out of the same. This paper also discusses the various factors required to be considered while planning a secondary network automation project. The authors also discuss on the potential of using IT technologies to manage the large volume of operational data available from such systems and to integrate the distribution automation systems with enterprise-wide IT systems making it possible to have a near-real time view on the techno-commercial performance of the utility using simple tools.

  • Economic justification of intelligent system: a process approach

    Although several methods for economic justification of general information system and office automation system are well documented, research on the feasibility of using these methods in justifying intelligent systems and on particular methods for intelligent system justification are very limited. This paper proposes a process approach to economic justification of intelligent system. As examples of that process approach, a method based on queuing models for economic justification of intelligent system application in service delivery and an activity price model for justification of intelligent system application in managerial decision support are discussed in detail.<<ETX>>

  • A Novel Approach for Economic-Justification of RFID Technology in Courier Sector: A Real-Life Case Study

    Radio frequency identification (RFID) applications on the courier sector have been the subject of researches and advantages of them are widely explained. But, still, it is clearly observed that a consistent, accurate and easy to use approach for economic justification of RFID tags is not yet been studied. In this paper we proposed a framework for economic analysis and comparison of alternative scenarios. The proposed framework is based on time-driven activity based costing (TD-ABC) supported by inventory costing and simulation techniques. The proposed framework, can be used for investment analysis and comparisons between potential systems.

  • Economic justification of Virtual Commissioning in automation industry

    Virtual Commissioning (VC) is the latest trend in automation assembly. VC offers, among other benefits such as product quality improvement, promises a great reduction in the system ramp-up time, and a resulting shortening of the product's time to market. This paper presents an approach to economic justification of VC application by considering and evaluating its tangible and intangible costs and benefits through case studies and applying Fuzzy Analytic Hierarchy Process (FAHP). The results of this research are useful for justifying emulation efforts such as VC in almost any automation business which requires warehouses, manufacturing or production, assembly, distribution centers, or handling of mails, cargo, and baggage.



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