(Hardcover - New Edition)
This concise book provides engineers with the tools to evaluate the cost of their work and convey the project to key decision makers. It follows an integrative approach that arms them with a seven-step Systematic Evaluation and Analysis Technique as well as a strong understanding of cash flows. The new fifth edition has also been expanded from eight to 16 chapters, covering critical topics such as time value of money, measures of worth, depreciation, inflation, and capital rationing. Practicing engineers will be able to apply these principles and techniques to make the most effective economic decisions.
A text for those interested in learning principles of analyzing economic investment alternatives. Emphasis is on a cash flow approach and on practical rather than theoretical material. Contains chapters on areas including time value of money operations, measuring worth of investments, comparing alternatives, income taxes, economic analysis of projects, and cost concepts. Includes worked examples, problems, and selected answers. Primary audience is made up of engineering and engineering technology students, in courses in engineering economy, economic decision analysis, and engineering economic analysis. Material is also useful for accounting, economics, finance, and management students. Annotation c. by Book News, Inc., Portland, Or.
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