2022-03-16: Cost-Effectiveness Analysis: A Systems Engineering Perspective (Eisner)
Date: Wednesday, March 16, 2022
Speaker: Dr. Howard Eisner
In this presentation, Dr. Eisner explains how Cost-Effectiveness Analysis (CEA) can be used by Systems Engineers who are looking for cost-effective solutions. CEA is a proven method for choosing the best answer from a set of alternatives. Dr. Eisner provides a brief look at examples from the military as well as from everyday consumer decisions. He also shows the various solution domains that are recognized explicitly: low cost, low effectiveness, knee-of-the-curve, and high effectiveness, high cost; the role of cost-effectiveness in systems architecting. Dr. Eisner also explains how this approach leans on Rechtin's KISS heuristic.
The book drawing
Cost-Effectiveness Analysis- A Systems Engineering Perspective
By Howard Eisner
Was won by Jose Luis Fernandez. We thank him for an excellent book review.