A Concise Introduction to Engineering Economics

Product Description

This comprehensive yet accessible text emphasizes problem solving, evaluation of projects, capital budgeting and resource allocation under risk and uncertainty. Current theory of economics and finance is also discussed andthe text is complemented by a full set of problems, exercises and case studies. PrefaceEngineering and investment decisionsCompounding discounting, and economic equivalenceCash flow analysis and inflationMethods for evaluating investmentsDepreciation, taxes, and cost of capitalComparing alternative investmentsReplacement analysisRisk analysisRisk analysis modelsCapital rationing methodsEvaluation of public projectsCost analysisCost anaylsis modelsLease-or-buy decisionsProf…