Engineering Economics Group
The Engineering Economics Group (EEG) of SpaceWorks Engineering is a leader in analyzing life-cycle considerations of complex aerospace programs and markets. The success or failure of endeavors in the space industry is frequently determined by “ilities” such as affordability, availability, reliability, and operability. The EEG offers SpaceWorks Engineering clients a complete assessment of concept viability.
For a more complete briefing please see the EEG overview presentation (in pdf format) (660 KB).
The EEG provides quantitative analysis for both government and established commercial customers. Results produced by the EEG provide the knowledge to make the technical and programmatic decisions that ensure successful program implementation within budgetary constraints. For established commercial customers, the EEG’s decision support helps ensure a viable business case and maximize profitability. The EEG works closely with SpaceWorks Engineering’s Advanced Concepts Group and may additionally assist the SpaceWorks Commercial division with financial analysis and market size prediction.
SpaceWorks Engineering’s strategic vision in this area is to help our clients navigate the minefield of wild predictions and dire warnings to obtain clarity as to the shape of the future space marketplace. Our responsive and penetrating analysis capabilities help clients answer a range of "what-if" questions related to procurement strategies, market size, the effects of competition, reliability requirements, and product pricing plans.
The EEG and its affiliated consultants possess a unique combination of engineering experience, finance/operations backgrounds, and quantitative modeling skills. We utilize advanced modeling techniques, state-of-the-art software tools, expert market forecasts, and a knowledgeable technical staff to help our clients with the following:
- Strategic insight into global aerospace industry
- Flight and ground systems life-cycle cost estimating (non-recurring and recurring)
- Programmatic risk assessment
- Reliability quantification, uncertainty, and fault prevention/tolerance strategies
- Top-level safety evaluation and probability quantification (loss of crew, expected casualty rate)
- Operations assessment including high-fidelity discrete event simulation
- Technology investment cost-to-benefit assessments
- Market size and demand estimation
- Financial analysis (project net present value, break-even point, return on investment, etc.)
- Rapid integrated assessment of cost and risk in the early design phase
- Procurement evaluation and design review skills
SpaceWorks Engineering’s EEG analysts have provided these services to federal government and aerospace prime contractor customers for a variety of space applications including NASA’s lunar exploration architecture, future expendable launch vehicles, new reusable launch systems, new launch facilities, in-space transportation elements, space infrastructure (habitats, propellant depots, rovers), and deep-space missions.
For a more complete briefing please see the EEG overview presentation (in pdf format) (4.97 MB).
