ABSTRACT
This chapter suggests the application of basic engineering economic analysis techniques to the project environment of Industry 4.0, with a particular emphasis on a Systems 4.0 framework. The chapter briefly highlights the importance of economic aspects of Industry 4.0 projects from a Systems 4.0 perspectives. Topics covered include cost concepts, cost estimation, cost monitoring, budgeting allocation, and inflation. Of particular interest is the equity break-even point. Contemporary technology is the basis for Industry 4.0. As a result, from the Systems 4.0 perspective, we must understand the cost and value of technology, particularly over time. The conventional techniques of engineering economic analysis can be adapted for the purpose of technology cost analysis.
