BEGIN:VCALENDAR VERSION:2.0 PRODID:IEEE vTools.Events//EN CALSCALE:GREGORIAN BEGIN:VTIMEZONE TZID:US/Eastern BEGIN:DAYLIGHT DTSTART:20200308T030000 TZOFFSETFROM:-0500 TZOFFSETTO:-0400 RRULE:FREQ=YEARLY;BYDAY=2SU;BYMONTH=3 TZNAME:EDT END:DAYLIGHT BEGIN:STANDARD DTSTART:20191103T010000 TZOFFSETFROM:-0400 TZOFFSETTO:-0500 RRULE:FREQ=YEARLY;BYDAY=1SU;BYMONTH=11 TZNAME:EST END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTAMP:20200213T112919Z UID:1193C2BF-DC05-40E7-87D3-11BCC5221B25 DTSTART;TZID=US/Eastern:20200217T183000 DTEND;TZID=US/Eastern:20200217T203000 DESCRIPTION:Buffalo Section Presentation\n\nJoint with the Power Energy\, I ndustrial Applications\, Computer\, Control Systems\,\n\nMicrowave Theory & Techniques\, Antennas & Propagation\, Engineering Management\,\n\nCommun ications\, Young Professionals Societies\, Consultants Network\, and Women In Engineering.\n\nMonday February 17\, 2020 at 6:30p.m.\n\nMeasurement o f Economic Power-An Engineering Approach\n\n[Business Directory](http://ww w.businessdictionary.com/definition/economic-power.html#ixzz3B8KGmhe8) def ines economic power as “Conditions of having sufficient productive resou rces at command that give the capacity to make and enforce economic decisi ons\, such as allocation of resources and apportioning of goods and servic es.” This qualitative definition may be sufficient for general discussio ns\, but it doesn’t offer any quantitative measurements for management a nd control. Is there a way to measure economic power for analysis and synt hesis of economic systems in this 21st century? This paper answers this qu estion by introducing a set of quantitative terms from the field of electr ical engineering\, used in power measurement and control of electrical sys tems. Circuit theory concepts are introduced to show how the relationship between cash and cash flow in finance is analogous to that of electric cha rge and electric current and how education level\, as economic potential\, is analogous to electrical potential that causes current to flow in a cir cuit. An individual is identified as the basic cash flow source in the eco nomy. Circuit models for an individual as well as a typical production fac ility are developed and demonstrated with an example. Equations for the me asurement of economic power\, losses\, efficiency and power factor are pre sented. It is shown that the individuals are the basic cash flow sources a nd producers of economic power.\n\nDr. Mohammed Safiuddin started his care er as Junior Engineer\, Andhra Pradesh State Electricity Board (India) in 1958. Joined Systems Control Department\, Westinghouse Electric\, Buffalo\ , New York in June of 1960 as Associate Engineer. Progressed through the r anks of Engineer\, Senior Engineer\, Fellow Engineer positions to Manager\ , Product/Strategic Planning (1982)\, Power Electronics and Drive Systems Division\; Technical Advisor\, Marketing Department (1984). His interests in continuing education kept him in close contact with the University at B uffalo (SUNY)\, where he did part-time teaching in early sixties and then Adjunct Associate Professor (‘77-‘91)\; Research Professor [’91-‘1 0]. He is currently Research Professor Emeritus in the Electrical Engineer ing Department at University at Buffalo [UB]. He is President of STS Inter national\, a technology service firm he established in September 1985. His areas of technical interests cover industrial control systems\, renewable energy\, Smart Grid power systems\, and Technology Management. Has been a warded 10 patents in this field and has dozens of technical papers and con ference presentations to his credit. He is a Life Fellow of the IEEE. He w as awarded Roscoe Allen Gold Medal in 1957 by Osmania University. He was r ecipient of "IUSD Award of Merit" in 1992 by the IEEE-Industry Application s Society for his contributions to industrial control technologies\, and s ervice to the IAS. He was recognized for meritorious achievement in contin uing education by the IEEE-EAB award for the year 2000. He is a member of the Pi Mu Epsilon (Mathematics)\, Beta Gamma Sigma (Business) honor societ ies and an "Eminent Engineer" member of Tau Beta Pi. He was nominated for the prestigious IEEE Education medal in 2018 and was recognized with Inter national Business and Academic Excellence 2019 “Distinguished Educator A ward” on October 31\, 2019 by GISR Foundation and American College in Du bai\n\nCapen Hall Room 240 (please assemble in lobby for escort to room)\n \nState University of NY at Buffalo\n\nAmherst NY\n\n1 PDH credit pending ($10 certificate fee)\n\nLight refreshments will be served\n\nFree to IEEE Members\, $5 for Non-Members\n\nReservations by February 14\, 2020 Judy M oskal at 689-6689 jmmoskal@ieee.org\n\nSpeaker(s): Dr. Mohammed Safiuddin\ , \n\nRoom: 240\, Bldg: Capen Hall\, UB Amherst Campus\, Amherst\, New Yor k\, United States\, 14260 LOCATION:Room: 240\, Bldg: Capen Hall\, UB Amherst Campus\, Amherst\, New Y ork\, United States\, 14260 ORGANIZER:jmmoskal@ieee.org SEQUENCE:4 SUMMARY:Reminder\, Buffalo Section Presentation: Measurement of Economic Po wer URL;VALUE=URI:https://events.vtools.ieee.org/m/221554 X-ALT-DESC:Description: <br /><h1>&nbsp\;&nbsp\;</h1>\n<h1>Buffalo Section Presentation</h1>\n<p>Joint with the Power Energy\, Industrial Application s\, Computer\, Control Systems\,</p>\n<p>Microwave Theory &amp\; Technique s\, Antennas &amp\; Propagation\, Engineering Management\,</p>\n<p>Communi cations\, Young Professionals Societies\, Consultants Network\, and Women In Engineering.</p>\n<p>&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;</p>\n<h 1>Monday February 17\, 2020 at 6:30p.m.</h1>\n<p>&nbsp\;&nbsp\;&nbsp\;&nbs p\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; <strong>Measurement o f Economic Power-An Engineering Approach</strong></p>\n<p><em><u><a href=" http://www.businessdictionary.com/definition/economic-power.html#ixzz3B8KG mhe8">Business Directory</a></u></em><em> defines</em> <em>economic power </em><em>as &ldquo\;</em>Conditions of having sufficient productive resour ces at command that give the capacity to make and enforce economic decisio ns\, such as allocation of resources and apportioning of goods and service s<em>.&rdquo\; This qualitative definition may be sufficient for general d iscussions\, but it doesn&rsquo\;t offer any quantitative measurements for management and control. Is there a way to measure economic power for anal ysis and synthesis of economic systems in this 21<sup>st</sup> century? Th is paper answers this question by introducing a set of quantitative terms from the field of electrical engineering\, used in power measurement and c ontrol of electrical systems. Circuit theory concepts are introduced to sh ow how the relationship between cash and cash flow in finance is analogous to that of electric charge and electric current and how education level\, as economic potential\, is analogous to electrical potential that causes current to flow in a circuit. An individual is identified as the basic cas h flow source in the economy. Circuit models for an individual as well as a typical production facility are developed and demonstrated with an examp le. Equations for the measurement of economic power\, losses\, efficiency and power factor are presented. It is shown that the individuals are the b asic cash flow sources and producers of economic power. </em></p>\n<p><str ong>Dr. Mohammed Safiuddin </strong>started his career as Junior Engineer\ , Andhra Pradesh State Electricity Board (India) in 1958. Joined Systems C ontrol Department\, Westinghouse Electric\, Buffalo\, New York in June of 1960 as Associate Engineer. Progressed through the ranks of Engineer\, Sen ior Engineer\, Fellow Engineer positions to Manager\, Product/Strategic Pl anning (1982)\, Power Electronics and Drive Systems Division\; Technical A dvisor\, Marketing Department (1984). His interests in continuing educatio n kept him in close contact with the University at Buffalo (SUNY)\, where he did part-time teaching in early sixties and then Adjunct Associate Prof essor (&lsquo\;77-&lsquo\;91)\; Research Professor [&rsquo\;91-&lsquo\;10] . He is currently Research Professor Emeritus in the Electrical Engineerin g Department at University at Buffalo [UB]. He is President of STS Interna tional\, a technology service firm he established in September 1985. His a reas of technical interests cover industrial control systems\, renewable e nergy\, Smart Grid power systems\, and Technology Management. Has been awa rded 10 patents in this field and has dozens of technical papers and confe rence presentations to his credit. He is a Life Fellow of the IEEE. He was awarded Roscoe Allen Gold Medal in 1957 by Osmania University. He was rec ipient of "IUSD Award of Merit" in 1992 by the IEEE-Industry Applications Society for his contributions to industrial control technologies\, and ser vice to the IAS. He was recognized for meritorious achievement in continui ng education by the IEEE-EAB award for the year 2000. He is a member of th e Pi Mu Epsilon (Mathematics)\, Beta Gamma Sigma (Business) honor societie s and an "Eminent Engineer" member of Tau Beta Pi. He was nominated for th e prestigious IEEE Education medal in 2018 and was recognized with Interna tional Business and Academic Excellence 2019 &ldquo\;Distinguished Educato r Award&rdquo\; on October 31\, 2019 by GISR Foundation and American Colle ge in Dubai</p>\n<p>&nbsp\;</p>\n<p><strong>Capen Hall Room 240</strong> ( please assemble in lobby for escort to room)</p>\n<p>State University of N Y at Buffalo</p>\n<p>Amherst NY</p>\n<p>&nbsp\;</p>\n<p>1 PDH credit pendi ng ($10 certificate fee)</p>\n<p>Light refreshments will be served&nbsp\;& nbsp\;</p>\n<p>Free to IEEE Members\, $5 for Non-Members&nbsp\;&nbsp\;</p> \n<p>&nbsp\;</p>\n<p><strong>Reservations by February 14\, 2020&nbsp\;&nbs p\; Judy Moskal at 689-6689&nbsp\;&nbsp\; jmmoskal@ieee.org</strong></p> END:VEVENT END:VCALENDAR