This book emphasizes the concepts and techniques of analysis that prove useful in evaluating the economic feasibility of engineering systems, projects, and services for decision purposes. It also familiarizes the engineer with operations and operational feasibility necessary to considerations of the design process. Chapter topics cover economic and cost concepts; interest formula; calculations of economic equivalence; equivalence involving inflation; bases for comparison and decision-making among alternatives; evaluating production operations and replacement alternatives; accounting; income taxes in economic analysis; decisions under risk and uncertainty and involving multiple criteria; and estimating economic elements. For a basic understanding of mathematical modeling in complex operational systems, essential to a growing number of engineers today.
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From the Publisher
A classic examination of the economic aspects of engineering and the evaluation of the economic feasibility of engineering projects.
--This text refers to an out of print or unavailable edition of this title.
From the Back Cover
This book emphasizes the concepts and techniques of analysis that prove useful in evaluating the economic feasibility of engineering systems, projects, and services for decision purposes. It also familiarizes the engineer with operations and operational feasibility necessary to considerations of the design process. Chapter topics cover economic and cost concepts; interest formula; calculations of economic equivalence; equivalence involving inflation; bases for comparison and decision-making among alternatives; evaluating production operations and replacement alternatives; accounting; income taxes in economic analysis; decisions under risk and uncertainty and involving multiple criteria; and estimating economic elements. For a basic understanding of mathematical modeling in complex operational systems, essential to a growing number of engineers today.
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Most Helpful Customer Reviews
2 of 3 people found the following review helpful:
1.0 out of 5 stars
Poor construction,
By Rob, Mechanical Engineer, CWI (Louisville, KY USA) - See all my reviews
This review is from: Engineering Economy (9th Edition) (Paperback)
Only took one shot of .45ACP to go from cover to cover once the course was over. Weak.
1.0 out of 5 stars
A waste of money,
This review is from: Engineering Economy (9th Edition) (Paperback)
I've had my share of bad text books, but this one is definitely in the top 2 worst of my college books. To start, the book doesn't really teach anything. It's completely up to you to learn on your own what this book so terribly fails at trying to teach. How am I supposed to learn how to do the math when the chapters are filled with words describing (badly) the circumstances you would use the method (which I'm still really confused about) instead of actually showing how to use it? There are a few examples per chapter, but they are terribly laid out and the problem solving isn't really easy to follow at all. You cannot do the homework problems given the examples (the examples they do are much easier than the HW problems) and mind-numbingly boring array of words preceding them. The only thing this book has taught me about economics is not to waste my money on textbooks again without an in-depth look at what other students say about it. DO NOT BUY THIS BOOK. DO NOT MAKE YOUR STUDENTS BUY THIS BOOK. It has caused me nothing but frustration in this class... a class which shouldn't be difficult or frustrating in the first place.
1.0 out of 5 stars
??...Few answers...few problems...lots of talking theory,
By L.Schuess "MEStudent" (Milwaukee, WI USA) - See all my reviews
This review is from: Engineering Economy (9th Edition) (Paperback)
If you want to be able to practically solve engineering economic problems, this book is not for you. If you want to be put to sleep reading after a few pages, this is the one. It is really disappointing that this book was selected for an engineering course. You are left on your own to figure out how to learn most concepts and be able to solve the problems. HIGHLY DO NOT RECOMMEND!!!!!
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