The Economics of Human Systems Integration / Wiley Series in Systems Engineering and Management Bd.1 (PDF)

Fundamental Economic Principles, Methods, and Tools for
Addressing Human Systems Integration Issues and Tradeoffs

Human Systems Integration (HSI) is a new and fundamental
integrating discipline designed to help move business and
engineering cultures toward more human-centered systems.
Integrating consideration of human abilities, limitations, and
preferences into engineering systems yields important cost and
performance benefits that otherwise would not have been
accomplished. In order for this new discipline to be effective,
however, a cultural change--starting with organizational
leadership--is often necessary.

The Economics of Human Systems Integration explains the
difficulties underlying valuation of investments in people's
training and education, safety and health, and work productivity.
It provides an overview of how the field of economics addresses
these difficulties, focusing on human issues associated with
design, development, production, operations, maintenance, and
sustainment of complex systems.

The set of thought leaders recruited as contributors to this
volume collectively provides a compelling set of data and
principles for assessing the economic value of investing in people,
not just in general but in specific investment situations. The
early chapters provide the contexts for HSI and investment
analysis, illustrating the enormous difference context makes in how
issues are best framed and analyzed. A host of practical methods
and tools for investment valuation are then presented. Provided
are:

* A variety of real-world applications of economic analysis
ranging from military acquisition and automotive investment to
healthcare and high-tech investments in general, in both the U.S.
and abroad

* A range of economics-based methods and tools for cost analysis,
cost-benefit analysis, and investment analysis, as well as sources
of data for performing such analyses

* Differing perspectives on economic decision-making, including a
range of private sector points of view, as well as government and
regulatory perspectives

In addition, five real-world case studies illustrate how such
valuations have been done and their major impacts on investment
decisions. HSI professionals, systems engineers, and finance
professionals who address investment analysis will appreciate the
wide range of methods and real-life applications; senior
undergraduates and masters-level graduate students will find this
to be an excellent textbook that provides theory and supports
practice.