Engineering Economy - Applying Theory to Practice

Description

This thoroughly revised Second Edition combines real-world problems, mini-cases, and examples with a solid theoretical foundation in engineering economy. The book covers all the standard topics included in the Fundamentals of Engineering (FE) Exam. It clearly illustrates concepts and methods-such as cost estimating, sensitivity analysis, probability, and multiple objectives-needed for successful application of engineering economy in industry practice. In addition, fully integrated ExcelRG spreadsheets throughout the text, function as indispensable analytical tools for problem-solving and understanding. 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