Economic principles applied to space industry decisions / Joel S. Greenberg.

Format:

Book

Author/Creator:

Greenberg, Joel S., 1931-

Series:

Progress in astronautics and aeronautics ; v. 201.

Progress in astronautics and aeronautics ; v. 201

Language:

English

Subjects (All):

Astronautics--Economic aspects.

Astronautics.

Space flights--Economic aspects.

Space flights.

Aerospace industries.

Physical Description:

viii, 471 p. : ill.

Edition:

1st ed.

Place of Publication:

Reston, Va. : American Institute of Aeronautics and Astronautics, Inc., c2003.

Language Note:

English

Summary:

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

Contents:

Cover

Title

Copyright

Table of Contents

Chapter 1 Introduction

I. Space Industry

II. Breadth of Economic Concerns

III. Organization of the Book

References

Chapter 2 Investment Decisions

I. Metrics

II. Financial Analysis

III. Business Plan

IV. Comparison of Alternatives (Decision Database)

V. Government Influence on Private-Sector Decisions

VI. Comparison of Alternatives (Space Transportation Alternatives)

VII. R&amp

D Program Planning

VIII. Assessment of Economic Impacts

IX. Technology Transfer: Assessment and Evaluation

Chapter 3 RLV Economics

I. Policy and Economic Analysis

II. Lessons Learned (from Space Shuttle Economic Analysis)

III. RLV Financial Modeling

IV. RLV Insurance Considerations

V. Appendix: Algorithm for Dynamic Insurance Pricing

Chapter 4 Space Operations

I. Simulation Modeling

II. Selecting a Launch Vehicle (Commercial Missions)

III. On-Orbit Service/Repair (Commercial Missions)

IV. Analysis of User Fees

V. Fair Pricing: Impacts on International Competition

VI. Risk-Based Approach for Comparing Advanced Transportation Architectures

VII. Selecting a Launch Vehicle (Government Missions)

VIII. Launch Campaign Modeling Considerations

IX. Cost Risk and Life-Cycle Cost/Availability Analysis

X. Resiliency, Operability, and Launch on Demand

XI. On-Orbit Service/Repair (Government Missions)

XII. Economic Implications of Orbital Debris

Chapter 5 Licensing and Regulatory Issues

I. Regulatory Economic Impact Analysis

II. Financial Responsibility

III. Orbital Debris and Regulatory Analysis

IV. Space Launch Indemnification

Chapter 6 Beyond Space: Energy and Gaming

I. Energy Conservation: Government Investment in Technology and Setting of Policies.

II. Manufactured Housing: Product Design/Pricing/Investment Decisions

III. Casino Gaming

IV. Casino Gaming: Decisions Based upon Long-Term Statistics

V. Casino Gaming: Negotiations with High Rollers (Decisions Based upon Short-Term Play Statistics)

Appendix: Estimating the Likelihood of Investment

Index

B

C

D

E

F

G

I

L

M

N

O

R

S

T

U.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references and index.

ISBN:

1-60086-668-9

1-60086-449-X

OCLC:

922978984