TY - BOOK AU - Saleh,Joseph H. TI - Analyses for durability and system design lifetime: a multidisciplinary approach T2 - Cambridge aerospace series SN - 9780511546136 (ebook) AV - TA169 .S235 2008 U1 - 620/.00452 22 PY - 2008/// CY - Cambridge PB - Cambridge University Press KW - Reliability (Engineering) KW - Service life (Engineering) KW - System design KW - Economic aspects N1 - Title from publisher's bibliographic system (viewed on 05 Oct 2015) N2 - An issue in engineering design is a system's design lifetime. Economists study durability choice problems for consumer goods but seldom address lifetime problem(s) of complex engineering systems. The issues for engineering systems are complex and multidisciplinary and require an understanding of the 'technicalities of durability' and the economic implications of the marginal cost of durability and value maximization. Commonly the design lifetime for an infrastructure is set between 30 and 70 years. Satellite lifetimes are also assigned arbitrarily or with limited analysis. This book provides a systemic qualitative and quantitative approach to these problems addressing, first, the technicality of durability, second, the marginal cost of durability, and third, the durability choice problem for complex engineering systems with network externalities (competition and market uncertainty) and obsolescence effects (technology evolution). Since the analyses are system-specific, a satellite example is used to illustrate the essence and provide a quantitative application of said analyses UR - https://doi.org/10.1017/CBO9780511546136 ER -