Publisher's Synopsis
Practical and comprehensive, this well-received text offers a balanced and clear presentation of topics essential to understanding the basics of engineering economy. It has been completely revised to include coverage of today's most significant topics. The revision incorporates an abundance of example problems and solutions. Current and to-the-point, it provides a well- balanced and clear presentation of topics.* offers a thorough survey of the discipline of engineering economy, with intensive discussions on basic capital project evaluation techniques; techniques for including risk and uncertainty in capital investment analyses; and more advanced topics pertinent to the study of analytical investment decision methodologies. * includes NEW material on: * cost estimating and deterministic estimating techniques (Ch.5). * consideration of income taxes, updated in view of the 1993 Federal law (Ch.6). * revenue requirement method and analyses for public organizations (Ch.7). * sudden failure replacement problems (Ch.8). * capital planning and budgeting (Ch.9). * expands treatment of research-worthy topics with three new chapters: Activity-Based Costing (Ch.1;7); Dealing with Inflation in Capital Investment Analysis (Ch.18); and The Analytic Hierarchy Process (Ch.20). * provides the security of time-tested materials, with concepts and coverage of topics honed for clarity. * updates references throughout, with todays most relevant literature sources listed in the bibliography for further study. * features a multitude of learning aids, including over 400 expanded and updated problem sets, spreadsheet illustrations, chapter summaries, and worked-out examples.
