In the course of their work, engineers in all disciplines must make crucial decisions based on economic considerations. This practical, easy-to-use guide aims to make the often intimidating subject of engineering economics more understandable. Featuring a "look-up" format, the book presents detailed solutions to a vast number of economic problems commonly encountered by engineers. The author employs practical examples and computer programs that lead readers step-by-step toward the solution to each problem, explaining each concept in a clear, concise manner. In the first part of the book, engineers will find guidance on economic analysis with the use of compound interest. The book discusses the variation of money with time, regulated sets of payments and continuous compounding of interest. Also covered are cost comparisons of alternative methods and the techniques of investment analysis. The second part shows readers how to make sound decisions on the basis of statistics and probability - from basics to statistical inference and reliability, to the analysis of time series - using carefully explained, practical examples. The third and final part of the book examines the application of analytical techniques for engineering economic analysis. There are detailed sections on linear programming and sensitivity analysis, project scheduling with the Critical Path Method (CPM) and PERT, as well as economic analysis under nonlinear relationships. With its clear, straightforward style, many solved problems, and computer programs, this new reference should provide engineers the skills they need to perform all types of economic analyses with confidence, and will also help them prepare for their licensing examinations. Two disks (3.5" and 5.25") are included with the book for calculations on personal computers.
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Inside This Book
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First Sentence:
Money has the capacity to generate income, and this capacity is termed the time value of money. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
allowance for rounding effects, average hourly profit, equivalent single payment, imaginary payments, late event times, maximum monthly sales, early event times, rth year, most lucrative combination, unequal life spans, deducting fixed costs, optimal life span, equivalent uniform series, one payment period, capitalized worth, unit setup cost, composite investment, investment terminates, unit procurement cost, tableau corresponds, continuous cash flow, allocating depreciation, exponential flow, isoprofit line, annual flow rate Key Phrases - Capitalized Phrases (CAPs): (learn more)
Solve Example, New York, Year Principal, First Tableau, Years Years, Year Capital, Verification Table, Englewood Cliffs, Verification In Table New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Money has the capacity to generate income, and this capacity is termed the time value of money. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
allowance for rounding effects, average hourly profit, equivalent single payment, imaginary payments, late event times, maximum monthly sales, early event times, rth year, most lucrative combination, unequal life spans, deducting fixed costs, optimal life span, equivalent uniform series, one payment period, capitalized worth, unit setup cost, composite investment, investment terminates, unit procurement cost, tableau corresponds, continuous cash flow, allocating depreciation, exponential flow, isoprofit line, annual flow rate Key Phrases - Capitalized Phrases (CAPs): (learn more)
Solve Example, New York, Year Principal, First Tableau, Years Years, Year Capital, Verification Table, Englewood Cliffs, Verification In Table New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 31
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cites this book:
- Handbook of Applied Mathematics for Engineers and Scientists by Max Kurtz in Front Matter, and Back Matter
- Engineering Economy (McGraw-Hill Series in Industrial Engineering and Management) by Leland Blank in Back Matter
- Introduction to Dynamic Systems: Solutions Manual: Theory, Models and Applications by David G. Luenberger on page 293
- Business Statistics by GROEBNER on page 399
- Introduction to Dynamic Systems: Theory, Models, and Applications by David G. Luenberger on page 293
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