As for the "true" engineers stuff . . . most of US Engineers under an ABET (that is the Industry Board for accreditation) College Program will have at least some of this -- it is part of Industrial Engineering, and called "Engineering Economics." Bunches (and bunches) of Spreadsheets. Cash Flows on various models -- like we were talking about above -- Some Growth, No Growth, Negative Growth. Really sharp organizations will do what are called Scenario Planning -- we plan for Best Case, Worst Case, and Changed Case.
For the Best Case, you try to be profitable, the Worse Case you try to survive, and Changed Case you try to flexible. Sound like your folks are trying to survive a Worst Case, so they are conservative, holding onto Cash, and keep things from losing money? Just trying to describe the typical business thinking behind the actions that you are describing.
But Michigan does NOT HAVE TO BE in that case. It is all driven by mindsets, and how to turn the stumbling blocks into stepping stones -- (sorry for the typical pep-talk jargon).
When you are doing Scenario Planning -- you are NOT supposed to use just one case (Best, Worst, or Changed) and use it as the ONLY Case. In practice, you may have noticed that Texas always/only uses the Best Case -- for example, Oil at $100. Massive Growth, etc., etc., etc. It is why Texas is always going Boom and Bust. When the Worst Case hits (Oil at less than $0) or the BIG WINTER Storm -- Texas is standing flat foot fued. Again -- always only driven by the mindset.