Customer Reviews

Engineering Economy

5 star:		(8)
4 star:		(4)
3 star:		(1)
2 star:		(0)
1 star:		(1)

 

 

I first used this book as a student-I found it useful then, today I insist that all managers reporting to me review, and use, the concepts and techniques provided by the authors.

The book is useful, in that concepts are well explained, the examples are relevant, but most important for me is that it provides managers who have little or no experience in determining project costs with a handy means (including formulae and worked examples) of doing so.

I have tried to get copies of the most recent edition, the popularity seems to be such that the book is sold out. I most readily recommend this to anyone who needs to justify capital expenditure, who needs to do project costing, and who has to prepare proposals for submission to the boss (or the board of directors)in order to obtain funds for capital expansion, refurbishment or simply equipment upgrades.

Just as engineers must accurately model technical solutions to a problem, they must also model the economic impact of those technical solutions. This is a very good book for both the engineering student and the practicing engineer. Unlike many texts on straight economics, it is not just filled with narrative. It has many well-explained formulas and examples using those formulas throughout. The numerous exercises included throughout the book involve open-ended problem statements and iterative problem-solving skills, which are the real-world skills you'll need on the job. Various engineering disciplines are presented. FE exam-style questions have been added to help prepare engineering students for that milestone examination. Passing the FE exam is a first step in getting licensed as a "Professional Engineer" or PE. A good companion to this book is the Schaum's Outline on Engineering Economics. This is one of those textbooks where having the latest edition is really better, since the laws of finance are man-made and do change over time. The following is the table of contents for the latest edition:

FUNDAMENTALS OF ENGINEERING ECONOMY.
1. Introduction to Engineering Economy.
2. Cost Concepts and Design Economics.
3. Money-Time Relationships and Equivalence.
4. Applications of Money-Time Relationships.
II. ENGINEERING ECONOMY IN ACTION.
5. Applications of Money-Time Relationships.
6. Comparing Alternatives.
7. Depreciation and Income Taxes.
8. Price Changes and Exchange Rates.
9. Replacement Analysis.
10. Dealing with Uncertainty.
III. ADDITIONAL TOPICS IN ENGINEERING ECONOMY.
11. Evaluating Projects with the Benefit/Cost Ratio Method.
12. Engineering Economy Studies in Investor-Owned Utilities.
13. Probabilistic Risk Analysis.
14. Capital Financing and Allocation.
15. Dealing with Multiattributed Decisions.
Appendixes.

This is a well written book. The examples are very helpful. I have been learning the material with no external instruction, only the book.

This book is excelent. A friend of NUS in Singapure recomend me this text because I needed help to solve some economical problems. It has many examples. I am appling the concepts and examples in my job.

Engineering Economy (15th Edition)

This book was required for a class I'm taking, and amazon had the best price around when I was looking for a copy. I don't know any other engineering economy textbooks to compare it to, but this one seems like it is good.

I was pleasantly surprised to have enjoyed this book during my engineering coursework. It gave good insight and practical examples to understanding engineering costs.

The best book in engineering economics that I have seen so far. Easy reading, easy to digest the material. My only "complaints" is that the "answer to questions" (in the back of the book) should include cash flow diagrams, and the templates on the CD should be formatted to look professional.

Minor glitches to a great book!

I give the book A+++++!! I am so satisfied with the service and the book condition! Thank you it is amazing :)

no complaints at all, received book in the expected time frame, no issue with packing.


if you are interested in purchasing this book after May 2011, let me know, adas525@gmail.com, we can negotiate something

This book was new and it arrived in a timely manner.

Would buy again from seller.