The fourth edition of this text continues to be a comprehensive, authoritative and interesting resource for introductory and advanced courses in Engineering Economics. This new edition has streamlined the material into 15 accessible, readable chapters. The sequence of chapters flows through: 1) Fundamentals required for economic analysis; 2) Structural/procedures for performing those analyses; 3) Specific considerations for the public sector; 4) Depreciation and income tax considerations; 5) Inflation/considerations; and 6) Advanced concepts, including risk and decision. An emphasis on a clear, interesting writing style with numerous examples and review exercises offsets traditional ideas that the subject matter can be dull.
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INTRODUCTION TO ENGINEERING ECONOMICS
The Engineering Economic Decision Maze
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12 percent 20 percent acceptable ACRS after-tax cash flow alternative amount analysis annuity asset assumed average before-tax benefit-cost benefits bond book value borrowed breakeven BTCF calculated Chapter compared comparison cost of capital debt decision deductions depreciation charges determine disbursements discount rate discounted cash flow dividends dollars earnings effective interest rate engineering economics equipment equity equivalent annual cost estimates evaluation Example expected expected value expense factors financing fixed costs forecast funds future worth increase incremental inflation rate interest charges lease loan machine marginal marginal cost MARR method minimum nominal interest rate operating costs output payments percent compounded percentage preferred present worth probability problem production profit purchase price rate of return receipts replacement revenue risk salvage value savings shown in Figure Solution straight-line study period Table tax rate units utilization