Synopses & Reviews
A new edition of the widely-used engineering economics text. Employs a cash-flow approach to economic theory and prepares the reader to systematically perform economic justification of capital investments in a real-world setting. Stresses learning by example, with real-life cases. Updated and revised to reflect current practice, covering before- and after-tax analyses, and cost of capital, including the effects of inflation on capital investment, public sector economics.
Synopsis
This unified examination of economic analysis principles from a cash flow viewpoint, provides a systematic, 7-step approach for performing a comparison of investment alternatives. It offers comprehensive coverage of cost concepts, inflation, ACRS and modern methods of depreciation, income taxes, economic analysis. It features more current economy examples, a new chapter on reality issues, and new material on non-manufacturing examples.
Table of Contents
'Time Value of Money Operations.
Reality Issues and Practical Applications.
Measuring the Worth of Investments.
Comparison of Alternatives.
Income Taxes and Depreciation.
Economic Analysis of Projects in the Public and Regulated Sectors.
Cost Concepts.
Appendix Tables.
Answers to Even-Numbered Problems.
Index.\n
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