Cost engineering

criticizes the STEM program, citing the shortages of the program and implications of the policy on education and the workforce. His book excellently brings out a wealth of data and information, revealing the history of booms and bust in science and engineering employment. It as well outlines the shortages of STEM, as fault tool for lobbying for high skills and used to curb immigration. Even though the book presents great ideas in relation to challenges of investing in scientific research, it has…

laws and use his skills to do things both efficiently and safely. Many of these factors were disregarded in the design, construction and operation of the Chernobyl nuclear power plant. The engineers who designed the RMBK-1000 were more concerned with cost and the production of more energy and they neglected safety. They violated Ontario’s code of ethics of a professional engineer and in doings so endangered many lives. Chernobyl is seen as one of the…

Implementing change or amendments to processes as mature as those currently in use at Textron Systems may seem difficult or resource consuming, however a major goal of the systems engineering team is to reduce issues caused by improper requirements. This will require greater amounts of effort closer to project inception, but will result in less resources lost to issues that would have propagated, had not this effort been pressed. Especially in the case of the Shadow M2 where new requirements…

are: it will bring smoke into the air, and one incinerator factory costs 250 million dollars (Piper). Incinerators have benefits, they produce electricity, and they solve the waste management problem. They also have downsides, one of them is the costs for the incinerators, which is high, and that could cut into funding for other programs. The incinerators do generate electricity, so the electricity produced might even out the extra cost. Also the extra smoke in the air poses a health risk to…

constraints and capital costs: high initial payments implied by the adoption of new technologies to be installed on ships during the shipbuilding process and the implementation of modern retrofit ships (Stulgis et al. , 2014) sometimes require external financing. However, restricted access to capital markets as a result of the crisis and the high cost of capital makes it difficult for economically efficient measures not always…

school, I had fostered an intense passion toward Mathematics particularly, as well as other natural science disciplines in general. Therefore, it had been my anticipation since then to select a career in the realm of STEM ( Science, Technology, Engineering, and Mathematics); however, which exact career was still an uncertainty. My interest varied inconsistently throughout my early years in high school, as I initially wanted to become a pharmacist, and subsequently a high school math teacher.…

project with a fixed budget of $2.2M over 10-months. This type of contract would be identified as a Firm Fixed Price (FFP) contract. This means that Gary would have no flexibility of the project costs if the price on any of the components increases. This implies that Gary and SEC would assume any risk, if cost of the good or services increases and is more than originally calculated for (Schwalbe, 2009, p.185). This would prove to be problematic for Gary as no additional funding would be made…

determine is a framework for an industry analysis. It is applied to determine the level of competition in an industry and to measure whether companies in that industry can earn profits above their cost of capital. The greater the industry rivalry is the less probable it is for companies to earn above their cost of capital. Tesla’s electric vehicles (EVs) are based in the luxury segment. Incumbent automotive competitors are focusing on combustion motors as well as electric engines and a…

limits. The first strategy would be to adjust its product mix. Mihocko produces five products, one at a time, throughout the year. Using data provided, Mihocko can determine an optimal production combination function based on potential sales, variable costs, particulate emissions, revenue streams and operating hours. One potential benefit of this strategy is that Mihocko could mathematically maximize its profit potential within the EPA policy emissions guidelines using a formula to determine the…

Liability in Civil Engineering – A Case Study Carillion Construction Ltd v Woods Bagot Europe Ltd & Ors [2016] EWHC 905 (TCC) Introduction This report presents a liability case study regarding the extension of deadlines in civil engineering projects, and the damages that might occur as a result of these delays. The liability aspect of the dispute presented in this report are reviewed and discussed, highlighting the importance understanding the implications of any delays in civil engineering…