Supply and demand in engineering and management

Author:

Yanev Bojidar

Abstract

All successful infrastructure products and processes exemplify the collaboration of engineering and economics in space and time. In their respective domains, the two specialized professions optimize supply and demand (S / D) of energy and money. If their priorities diverge, structural and economic failures result. The various stages of a bridge lifecycle and the transitions between them are examined as vulnerable nodes and links where diverging constraints of supply and demand must be reconciled. Robustness, resilience and sustainability are considered as properties which, if sufficiently defined, can model realistically the cost-effective performance of the infrastructure under varying conditions over extended lifecycles.

Publisher

Centre for Evaluation in Education and Science (CEON/CEES)

Reference21 articles.

1. Von Neumann, John and Oskar Morgenstern, Theory of Games and Economic Behavior, John Wiley & Sons, Inc., New York, N.Y, 1945;

2. Drucker, Peter F., Management, Harper & Row, Publishers, New York, N.Y, 1973;

3. AASHTO, LRFD Bridge Design Specifications, 8 th Edition, American Association of State Highway Transportation Officials, 2017;

4. Yanev, Bojidar, Probability and Determinism in Bridge Management, Building Materials and Structures 62(2019), 3-14. ISSN 2217-8139;

5. Purvis, Ron, Life-Cycle Cost Analysis for Protection and Rehabilitation of Concrete Bridges Relative to Reinforcement Corrosion, NCHRP Report 377, National Cooperative Highway Research Project, Strategic Highway Research Program, National Research Council, Washington, D.C, 1994;

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