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Full Description
For courses in undergraduate introductory engineering economics.
Understand the importance of engineering economics principles and how to make smart economic choices
Used by engineering students worldwide, this bestselling text provides a sound understanding of the principles, basic concepts, and methodology of engineering economy. Explanations and examples that are student-centered and practical in real-life situations help students develop proficiency in the methods and processes for making rational decisions. Built upon the rich and time-tested teaching materials of earlier editions, the text is extensively revised and updated to reflect current trends and issues. The new edition captures the spirit of environmental sustainability with more than 160 "green" problems, as well as new end-of-chapter problems and group exercises, and includes updates to the new 2017 Federal Tax code revisions.
Contents
CHAPTER 1 Introduction to Engineering Economy
CHAPTER 2 Cost Concepts and Design Economics
CHAPTER 3 Cost-Estimation Techniques
CHAPTER 4 The Time Value of Money
CHAPTER 5 Evaluating a Single Project
CHAPTER 6 Comparison and Selection among Alternatives
CHAPTER 7 Depreciation and Income Taxes
CHAPTER 8 Price Changes and Exchange Rates
CHAPTER 9 Replacement Analysis
CHAPTER 10 Evaluating Projects with the Benefit-Cost Ratio Method
CHAPTER 11 Breakeven and Sensitivity Analysis
CHAPTER 12 Probabilistic Risk Analysis
CHAPTER 13 The Capital Budgeting Process
CHAPTER 14 Decision Making Considering Multiattributes
