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Reminder, Buffalo Section Presentation: Measurement of Economic Power

#Presentation #By #Dr. #Safiuddin

Buffalo Section Presentation

Joint with the Power Energy, Industrial Applications, Computer, Control Systems,

Microwave Theory & Techniques, Antennas & Propagation, Engineering Management,

Communications, Young Professionals Societies, Consultants Network, and Women In Engineering.

Monday February 17, 2020 at 6:30p.m.

Measurement of Economic Power-An Engineering Approach

Business Directory defines economic power as “Conditions of having sufficient productive resources at command that give the capacity to make and enforce economic decisions, such as allocation of resources and apportioning of goods and services.” This qualitative definition may be sufficient for general discussions, but it doesn’t offer any quantitative measurements for management and control. Is there a way to measure economic power for analysis and synthesis of economic systems in this 21^st century? This paper answers this question by introducing a set of quantitative terms from the field of electrical engineering, used in power measurement and control of electrical systems. Circuit theory concepts are introduced to show 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 cash flow source in the economy. Circuit models for an individual as well as a typical production facility are developed and demonstrated with an example. Equations for the measurement of economic power, losses, efficiency and power factor are presented. It is shown that the individuals are the basic cash flow sources and producers of economic power.

Dr. Mohammed Safiuddin started his career 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 ranks 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 Buffalo (SUNY), where he did part-time teaching in early sixties and then Adjunct Associate Professor (‘77-‘91); Research Professor [’91-‘10]. He is currently Research Professor Emeritus in the Electrical Engineering Department at University at Buffalo [UB]. He is President of STS International, 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 awarded 10 patents in this field and has dozens of technical papers and conference 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 recipient of "IUSD Award of Merit" in 1992 by the IEEE-Industry Applications Society for his contributions to industrial control technologies, and service to the IAS. He was recognized for meritorious achievement in continuing 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 societies and an "Eminent Engineer" member of Tau Beta Pi. He was nominated for the prestigious IEEE Education medal in 2018 and was recognized with International Business and Academic Excellence 2019 “Distinguished Educator Award” on October 31, 2019 by GISR Foundation and American College in Dubai

Capen Hall Room 240 (please assemble in lobby for escort to room)

State University of NY at Buffalo

Amherst NY

1 PDH credit pending ($10 certificate fee)

Light refreshments will be served

Free to IEEE Members, $5 for Non-Members

Reservations by February 14, 2020 Judy Moskal at 689-6689 jmmoskal@ieee.org