This text introduces the basic theory and application of engineering economy. Designed to emphasize the strengths of traditional factors and of spreadsheet coverage, this book is an ideal text for undergraduate and beginning graduate-level engineering economy courses. It is also suitable for self-study by practicing engineers and for reference during the practice of engineering. This book continues to solidify its reputation as one of the most innovative, authoritative, and reliable texts in engineering economics. It provides the tools and concepts, including cost estimating, sensitivity analysis, probability, and multiple objectives, that are necessary to successfully apply engineering economy in industry practice outside of the classroom.
Content:
Front Matter
• Preface
• Table of Contents
•Part I. Basic Concepts and Tools
1. Making Economic Decisions
2. The Time Value of Money
3. Equivalence - A Factor Approach
4. Spreadsheets and Economic Analysis
•Part II. Analyzing a Project
5. Present Worth
6. Equivalent Annual Worth
7. Internal Rate of Return
8. Benefit/Cost Ratios and other Measures
•Part III. Comparing Alternatives and Projects
9. Mutually Exclusive Alternatives
10. Replacement Analysis
11. Constrained Project Selection
•Part IV. Enhancements for the Real World
12. Depreciation
13. Income Taxes
14. Public-Sector Engineering Economy
15. Inflation
• Part V. Decision-Making Tools
16. Estimating Cash Flows
17. Sensitivity Analysis
18. Uncertainty and Probability
19. Multiple Objectives
Appendices
Index
Contents of CD-ROM: Cases in Engineering Economy (2nd Edition)