Brown Business Essentials for Utility Engineers

Erscheinungsjahr 2010
ISBN: 978-1-4398-1197-9
Verlag: Taylor & Francis
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 360 Seiten

It is no longer acceptable for utility engineers to make spending decisions solely because they make good engineering sense. In today’s environment, they must also demonstrate solid business acumen and show that recommendations make good business sense. With this goal in mind, Business Essentials for Utility Engineers systematically presents each business topic to arm engineers with the tools and vocabulary necessary to be more effective when interacting with senior management, and for promotion to senior management.
This book covers all business concepts important to utility engineers, including regulation, ratemaking, accounting, finance, risk management, economics, budgeting, and asset management. The author applies his vast corporate experience to give readers a solid foundation for business theory, discussing the idiosyncrasies of utilities and using advanced mathematics to demonstrate business concepts. He also explains how to properly apply this theory to utilities, expounding on specific business skills that will greatly benefit utility engineers in their daily jobs.
Chapters are organized to build sequentially upon each other, and take advantage of the mathematical sophistication and deductive nature of engineers when presenting material. After reading this book, utility engineers will view their industry from a new perspective, and will have a greatly expanded business vocabulary. Suitable for self-study, undergraduate study, graduate study, or as a desk reference, this book provides a robust framework for correct business thinking and a solid foundation for further learning.

WAtch Richard E. Brown talk about his book at: http://youtu.be/gdyjq77nQFI

Zielgruppe

Engineers working for electric utilities, gas utilities, combination electric and gas utilities, and telephone utilities; utility engineers working for water utilities and wastewater utilities; utility technical managers, general managers, and executives; vendors and consultants that cater to utilities; regulators.

Autoren/Hrsg.

Brown, Richard E.

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Betriebswirtschaft: Theorie & Allgemeines

Inhaltsverzeichnis

UTILITIES

Types of Utilities
Natural Monopolies
Utility Ownership

Utility Regulation

Utility Rates

Service Standards

Deregulation

ACCOUNTING
The Basic Accounting Equation

Journals, Ledgers, and Accounts Accounting Principles

Financial Statements

Other Types of Accounting

ECONOMICS

Supply and Demand

Market Pricing

Producer Surplus

Monopolistic Pricing

Business Cycles

FINANCE

Time Value of Money
Company Valuation

Market Efficiency

Capital Structure
Tax Shields

Bankruptcy

RISK
Probability and Statistics
Stock Price Movement

Diversification
Portfolio Theory
Capital Asset Pricing Model
Financial Options

Real Options

FINANCIAL RATIOS
Profitability Ratios
Activity Ratios

Leverage Ratios

Liquidity Ratios

Market Ratios

DuPont Analysis
Residual Income and EVA

RATEMAKING

Regulatory Goals

Revenue Requirements and the Rate Base

Rate Design

Rate Cases

Rate Base Misconceptions

BUDGETING

Top-Down Budgeting
Bottom-Up Planning

Types of Budgets
Project Prioritization
Business Case Justification

ASSET MANAGEMENT

What Is Asset Management?

History of Utilities

History of Asset Management
Organizational Functions
Asset Management Process

Each chapter concludes with a "Summary" and "Study Questions"

Über Autor(innen)

Richard E. Brown is the Vice President of Operations for Quanta Technology.