Lab. of Engineering Economic Systems Analysis
"For all systems that focus on technology and engineering, we develop a methodology to measure and evaluate the economic validity and efficiency of the system and apply it to real-world problems.”
Research Field
Economic Analysis of Energy System , Telecommunication Economics and Management, R&D Performance Analysis, Economic Analysis of Cultural Industry, Competitive System Analysis, Real Option Theory
Engineering Economics
Studies economic feasibility of engineering/technical investment projects
We develop and apply methodologies to analyze the economic feasibility of investment projects related to technology and engineering of various industries. In particular, there are a number of preliminary feasibility analysis on public investment projects.
Competitive Systems Analysis
Studies what strategies and actions are necessary for each subject in an engineering/technological system to maximize utility
in interdependent decision-making situations in which the interests of decision-makers are intertwined by applying game theory
We apply this method to analyze competitive systems of various real problems such as wireless communication, smart grid, platform business, and electric car industry.
Investment under Uncertainty
Analyze decision making about investment and strategy in strategic investment situations with uncertainties such as the behavior of competitive companies and market conditions applying real option and other methods.
We develop real option theory and apply it to decision analysis considering uncertainty about R&D investment strategy, communication frequency value analysis, economic value of renewable energy , and electric vehicle investment.
Technological Economic Analysis
Analyze and solve all sorts of economic decision problems raised in engineering/technical systems by applying the methodology of industrial engineering and economics.
We analyze the various real-world problems, such as battery automobile demand analysis, telecommunication service pricing, new product market expansion, economic effect of game industry regulation , R&D performance analysis, economic life of equipment, through mathematical models and study problem solving
Industrial Engineering Method
Methodology using industrial engineering theories such as optimization theory, technical management theory, financial engineering theory, statistical theory
In addition to economic systems analysis, we apply overall methodologies in industrial engineering