Techno-know-logical change has deep learning effects on modeling economic thought, e.g. we just need to compare the evolution of textbooks in the last 100 years and the exchange or replacement of working formulae.
The efficient functioning of any business organization would enable it to provide goods/services at a lower price. In the process of managing organizations, the managers at different levels should take appropriate economic decisions which will help in minimizing investment, operating and maintenance expenditures besides increasing the revenue, savings and other gains of the organization. These can be achieved through Engineering Economics which deals with the methods that enable one to make economic decisions towards minimizing costs and/or maximising benefits to business organizations.
Technology largely determines economic development and its impact on the environment; yet technological change is one of the least developed parts of existing global change models.
Hello my friend
The following two links may help you:
Book Modeling technological change: Implications for the global environment
https://www.aiche.org/resources/publications/cep/2018/january/techno-economic-modeling-new-technology-development
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