Computational Economic Analysis for Engineering and Industry

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CRC Press, Jun 7, 2007 - Technology & Engineering - 304 pages
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Recent global anxiety indicates that more focus needs to be directed at economic issues related to industry. Conventional techniques often do not adequately embrace the integrated global factors that affect unique industries and industry focused computational tools have not been readily available. Until now. Computational Economic Analysis for Engineering and Industry presents direct computational tools, techniques, models, and approaches for economic analysis with a specific focus on industrial and engineering processes.

Here are just a few of the topics you'll find:

  • New economic analysis models and techniques
  • Tent-shaped cash flows
  • Industrial economic analysis
  • Project-based economic measures
  • Profit ratio analysis
  • Equity break-even point
  • Utility based analysis
  • Project-balance analysis
  • Customized ENGINEA software tool
  • Engineering conversion factors

    The authors supply downloadable software, ENGINEA, that allows you to easily perform the various techniques outlined in the text, such as investment justification, breakeven analysis, and replacement analysis. Providing a high-level presentation of economic analysis of the unique aspects of industrial processes, they integrate mathematical models, optimization, computer analysis, and managerial decision processes. A comprehensive treatment of economic analysis considering the specific needs of industry, the book is a pragmatic alternative to conventional economic analysis books.
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    Contents

    chapter one Applied economic analysis
    1
    chapter two Cost concepts and techniques
    17
    chapter three Fundamentals of economic analysis
    33
    chapter four Economic methods for comparing investment alternatives
    61
    chapter five Asset replacement and retention analysis
    85
    chapter six Depreciation methods
    99
    chapter seven Breakeven analysis
    113
    chapter eight Effects of inflation and taxes
    123
    a tool for economic evaluation
    189
    chapter thirteen Cost benchmarking case study
    205
    Definitions and terms
    221
    Engineering conversion factors
    237
    Computational mathematical formulae
    245
    Units of measure
    251
    Interest factors and tables
    253
    Index
    283

    chapter nine Advanced cashflow analysis techniques
    135
    chapter ten Multiattribute investment analysis and selection
    151
    chapter eleven Budgeting and capital allocation
    179
    Back cover
    287
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