Providing a sound understanding of the principles, basic concepts, and methodology of engineering economy, this book is built upon the rich and time-tested teaching materials of earlier editions - extensively revised and updated to reflect current trends and issues, with an emphasis on the economics of engineering design throughout. It provides a complete and up-to-date of this important field, not only helping students to develop proficiency with the methods used in engineering economy analysis and the process for making rational decisions in situations likely to be encountered in professional practice, but also including insightful and comprehensive case studies to demonstrate the integrated application of the principles, basic concepts, and methodologies used by engineers in typical real-world situations. It thoroughly discusses the field's most significant topics, such as cost estimating, design economics, and electronic spreadsheets.
- Hardback | 752 pages
- 193.04 x 233.68 x 33.02mm | 1,270.05g
- 12 Aug 1996
- Pearson Education (US)
- Upper Saddle River, United States
- 10th Revised edition
Table of contents
BACKGROUND AND TOOLS OF ENGINEERING ECONOMY. Introduction to Engineering Economy. Cost Concepts and the Economic Environment. Principles of Money-Time Relationships. APPLICATIONS OF ENGINEERING ECONOMY. Applications of Money-Time Relationships. Comparing Alternatives. Evaluating Projects with the Benefit/Cost Ratio Method. Depreciation and Income Taxes. Estimating Cash Flows. Inflation and Price Changes. Dealing with Uncertainty. SPECIAL TOPICS IN ENGINEERING ECONOMY. Replacement Analysis. Capital Financing and Allocation. Engineering Economy Studies in Investor-Owned Utilities. Probabilistic Risk Analysis. Appendices: Accounting and Its Relationship to Engineering Economy. Abbreviations and Notation. Discrete Compounding Interest Tables. Continuous Compounding Interest Tables. Standardized Normal Distribution Function. Selected References. Answers to Even-Numbered Problems.