Description
This new editon includes the time-tested approach and topics of previous editions and introduces significantly new print and electronic features useful to learning about and successfully applying the exciting field of engineering economics. Money makes a huge difference in the life of a corporation, an individual, and a government. Learning to understand, analyze, and manage the money side of any project is vital to its success. To be professionally successful, every engineer must be able to deal with the time value of money, economic facts, inflation, cost estimation, tax considerations, as well as apreadsheet and calculator use. This book is a great help to the learner and the instructor in accomplishing hese goals by using easy-to-understand language, simple graphics, and online features.
What's New and What's Best...
This eighth edition has new diital features and retains the time-tested features that make the book reliable and easy to use. Plus the supporting online meterials are updated to enhance the teaching and learning experience.
Exciting new features in print:
All new end-of-chapter problems
Expanded questions for either review or preparation for the Fundamentals of Engineering (FE) Exam
Valuable new features in digital content:
McGraw-Hill Connect
Online video presentations with closed captioning to serve as learning support tools
Algorithmic end-of chapter problems that present a new set of parameters and estimates every time the problem is opened
SmartBook, an adaptive reading experience
Familiar features retained in this edition:
Easy-to-read language
End-of-chapter case studies
Ethical considerations in economic analyses
Progressive examples for improved understanding of concepts
Hand and spreadsheet example solutions
Spreadsheet solutions with on-image comments and Excel® functions
Flexible chapter ordering
Table of Contents Learning Stage 1 - The Fundamentals
1) Foundations of Engineering Economy
2) Factors: How Time and Interest Affect Money
3) Combining Factors and Spreadsheet Functions
4) Nominal and Effective Interest Rates
Learning Stage 2 - Basic Analysis Tools
5) Present Worth Analysis
6) Annual Worth Analysis
7) Rate of Return Analysis: One Project
8) Rate of Return Analysis: Multiple Alternatives
9) Benefit/Cost Analysis and Public Sector Economics
Learning Stage 2 - Epilogue: Selecting the Basic Analysis Tool
Learning Stage 3 - Making Decisions
10) Project Financing and Non-economic Attributes
11) Replacement and Retention Decisions
12) Independent Projects With Budget Limitation
13) Breakeven and Payback Analysis
Learning Stage 4 - Rounding Out the Study
14) Effects of Inflation
15) Cost Estimation and Indirect Cost Allocation
16) Depreciation Methods
17) After-Tax Economic Analysis
18) Sensitivity Analysis and Staged Decisions
19) More on Variation and Decision Making under Risk
Appendix A - Using Spreadsheets and Microsoft Excel
Appendix B - Basics of Accounting Reports and Business Ratios
Appendix C - Code of Ethics for Engineers
Appendix D - Alternate Methods For Equivalence Calculations
Appendix E - Glossary of Concepts and Terms
Leland Blank, Texas A&M Univ. and the American Univ. of Sharjah Anthony Tarquin, University of Texas - El Paso