Management professor Scott Herriott published a textbook in December called Feasibility Analysis for Sustainable Technologies: An Engineering-Economic Perspective. Business Experts Press published the book as part of their Environmental and Social Sustainability for Business Advantage Collection, edited by Chris Laszlo, the well-known author of Embedded Sustainability.
Dr. Herriott’s book walks readers through a feasibility analysis of a renewable energy or energy efficiency project. Included are a basic description of the technology, cash flow analysis, and examples of a variety of sustainable projects. The book is not only appropriate for business students, but also for sustainability professionals who are responsible for implementing sustainable technologies.
“When I started teaching my MBA course on sustainable technologies, I realized that there was no book that could simply explain technology to the finance people and finance to the technology people, so I conceived it and wrote it,” said Dr. Herriott. He has worked on the book since 2010, polishing and expanding his lecture notes and exercises every time he taught the course. The result is a 300-page book.
Business Experts Press will also publish a European edition that will describe public policies for sustainable technologies in a European context. It will be co-authored by Sharon Gerge, director of the MSc program in environmental sustainability and green technology at the University of Keele in England.
Scott Herriott has been a professor at MIU since 1990. He received his BA degree in mathematics from Dartmouth College and his PhD in management science and engineering at Stanford University. He taught at the University of Texas at Austin and the University of Iowa for six years before joining MIU. He teaches economics, finance, operations management, strategic management, and sustainable business. He is the author of a dozen scientific papers on economics, organization, and business strategy.