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Engineering Economy: Applying Theory to Practice
Thoroughly revised in this second edition,Engineering Economy: Applying Theory to Practice combines real-world problems minicases, and examples with a solid theoretical foundation in engineering economy. This innovative book covers all the standard topics included in the Fundamentals of Engineering (FE) Exam. It clearly illustrates concepts and methods--such as cost estimating, sensitivity analysis, probability, and multiple objectives--needed for successful application of engineering economy in industry practice. In addition, fully integrated Excel spreadsheets throughout the text function as indispensable analytical tools for problem-solving and understanding. Engineering Economy: Applying Theory to Practice, 2/e, is a comprehensive introductory text suitable for upper-division undergraduate courses, graduate courses, or as a professional reference.
NEW TO THE SECOND EDITION:
· Unique insight into using Excel functions for MACRS depreciation
· New problems, examples, references, illustrations, graphs, and tables
· Minicase studies at the ends of most chapters
· Improved coverage of replacement analysis, inflation, and sensitivity analysis
· An appendix on engineering economy-based accounting
· More accessible presentation of analyzing the defender in replacement problems
· Discussion of geometric gradients unified with other engineering economy factors
· Comparison of mutually exclusive alternatives now precedes the treatment of constrained project selection/capital budgeting