## A Concise Introduction to Engineering EconomicsThis comprehensive yet accessible text emphasizes problem solving, evaluation of projects, capital budgeting and resource allocation under risk and uncertainty. Current theory of economics and finance is also discussed andthe text is complemented by a full set of problems, exercises and case studies. |

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### Contents

Cash flow analysis and inflation | |

Case study Part IV Economic decision models | |

Problems | |

Leaseorbuy decisions | |

Case study | |

Data sourcesand costestimates 16 1 Data sources 16 2 Engineering estimates | |

A Interest | |

B Uniform gradient seriesformulaand | |

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### Common terms and phrases

alternative amount factor andthe annual cash flow asset average cost benefitcost analysis benefitcost ratio breakeven point Calculate capital budget capital investment capital projects capital rationing compounded annually cost of capital costof curve decision depreciation derived discount rate dollars doubledecliningbalance engineering economics Equal Payment Series equipment estimated evaluating Figure firm firm's cost forecast fund factor increase independent variable inflation initial cost interest rate inthe isthe lease linear programming linear regression machine manufacturing marginal cost maximize method of depreciation million minimum net present value ofthe operating costs optimum output plant present value present worth probability problem profitability index profitmaximizing proposal public projects purchase qualitative forecasts rate of return regression equation risk risk premium selected Single Payment standard deviation statistical Table thatthe thecost total cost function total revenue uniform series units variable cost worth factor zero salvage value