Economic Principles Applied to Space Industry Decisions (Progress in Astronautics and Aeronautics) [Hardcover]

J. Greenberg (Author)

Book Description

Publication Date: October 1, 2003 | ISBN-10: 156347607X | ISBN-13: 978-1563476075

This is not an economics book. It is a book about the application of economic principles and concepts in decision making related to space activities. The book is primarily tutorial and elaborates upon concepts and methodology and their applications. Emphasis is placed upon applications with typical results of performed analyses presented to demonstrate concepts and methods. The use of mathematical and simulation models serves as the underpinning for much of the presented materials. A number of models are described with numerous applications presented. The specific models considered have been selected to demonstrate the role that a structured thought process can play in the decision process. Since most decisions relating to technology development, product design, capital expenditures, and investments involve uncertainty and risk, a number of the selected models, developed methodologies, and presented examples explicitly and quantitatively consider uncertainty and risk. The objective of this book is to put economic analysis into perspective with respect to real-world decision making in the space industry. It will expand the perspective of the reader with respect to the type of tools and analyses that might be brought to bear on complex business and government problems.

Product Details

• Hardcover: 494 pages
• Publisher: AIAA (October 1, 2003)
• Language: English
• ISBN-10: 156347607X
• ISBN-13: 978-1563476075
• Product Dimensions: 9.3 x 6.3 x 1.2 inches
• Shipping Weight: 1.8 pounds (View shipping rates and policies)
• Average Customer Review: 3.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #3,402,739 in Books (See Top 100 in Books)

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1 of 2 people found the following review helpful:

3.0 out of 5 stars Material NOT for the Timid Space Advocate, January 6, 2007

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Jack Kennedy Jr. "Jack Kennedy 276.275.4700" (Wise, Virginia, USA) - See all my reviews
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This review is from: Economic Principles Applied to Space Industry Decisions (Progress in Astronautics and Aeronautics) (Hardcover)

Economic Principles Applied to Space Industry Decisions is a tough read. Perhaps due to my own challenged knowledge of two more complex subjects, e.g. applied economics and rocket science, I had to work at this book taking each chapter slowly, deliberately, and re-read time and again to attempt to gain the nuggets of knowledge the authors sought seriously to give me. One must really have passion for the subject matter to enjoy this book. Even as a space human destiny advocate armed with an undergraduate minor in economics and near-completion of graduate master of science in space studies, this was a challenging book with calculus tossed about with economic graphs. I would recommend the authors do a more simplified version of the book and seek models based on the NewSpace industry now emerging, e.g. Virgin Galactic, SpaceX, XCOR, AirLaunch, t/Space, SpaceHab, Bigelow Aerospace, and the smaller, more flexiable firms. Another niche for these authors would be to focus a text on the decline of the American share of the international launch market that tanked in the 21st Century.