Special Issue Call for Papers “Financial Engineering and Its Impact on the Teaching, Research, and Practice of Engineering Economics”
By Anonymous
While actively practiced for three decades since the introduction of the Black-Scholes options pricing model, “financial engineering” has recently generated considerable interest outside of traditional finance departments and is now attracting the attention of engineers, physicists, and mathematicians. This, of course, has resulted in financial engineering topics now being taught and researched within industrial engineering, engineering management, systems engineering, operations research, and mathematics departments. Specifically, this has created both opportunities and challenges as financial engineers explore ways to integrate financial engineering topics with engineering economics and project valuation. The current impact of these changes is unclear, but the forces of these changes have nonetheless been put in motion. It is therefore necessary to better define the relationship between financial engineering and engineering economics. Common links between the two areas include aspects of capital budgeting and risk and uncertainty, but both approach each area from different perspectives. The goal of this special issue is to explore the relationship between financial engineering and engineering economics, discussing not only the commonalities and differences, but also providing some direction on the impact that the increase of interest and use of financial engineering topics is having on the research and practice of engineering economics. Specifically, the special issue will consider, but is not limited to, the following: * The introduction of financial derivatives, beyond the coverage of real options, into traditional engineering economics studies.
* The use of financial derivatives for evaluating project risk.
* The use of GARCH models and Value-at-Risk for understanding and managing project risk and alternative selection.
* The use of financial derivatives for hedging foreign exchange and interest rate risk.
* The impact of financial engineering, and the use of financial engineering tools, on the capital budgeting process.
* The impact of financial engineering for determining the cost of capital and the required rate of return for discounting project cash flows.
* New methods for project valuation using financial engineering tools.
* The integration of financial engineering topics into traditional engineering economics courses (and vice versa), along with their possible affect on the fundamentals of engineering exam.
Essentially, any paper that addresses the intersection of financial engineering and engineering economics will be considered. This also includes the impacts on education.
Any questions should be addressed directly to the guest editor:
David Enke
Department of Engineering Management and Systems Engineering
University of Missouri-Rolla
217 Engineering Management
1870 Miner Circle
Rolla, MO 65409-0370
Phone: 573-341-4565
Fax: 573-341-6567
E-mail: enke@umr.edu
Any general questions about the journal should be directed to the editor.
MANUSCRIPT SUBMISSION GUIDELINES AND DATES
The submission guidelines follow the traditional guidelines of The Engineering Economist. These can be found in this issue or on the website. However, we intend to speed up the review cycle in order to keep the information current. Here is the expected schedule:
September 1, 2007: Papers due.
December, 2007: First reviews returned.
February, 2008: Revisions completed and reviewed.
March, 2008: Accepted papers sent to publisher.
June, 2008: Special issue published.
Note that papers deemed worthy of publication but not revised according to this timeline may be considered for later publication.
Copyright Institute of Industrial Engineers 2007
(c) 2007 Engineering Economist, The. Provided by ProQuest Information and Learning. All rights Reserved.