Synopses & Reviews
Remarkable technological advances still elave us basing most major engineering decisions on economic considerations. So, this clear and concise examination of the principles of engineering economics should benefit all undergraduate students, regardless of their area of interest. Students will learn about compound interest and the time value of money, depriciation and taxes and more, and then find out how to use this information to make real-life decisions. Includes hundreds of practise problems with answers.
Synopsis
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McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwideMcGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwideMcGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide
Table of Contents
Basic Concepts
Annual Compounding
Algebraic Relationships and Solution Procedures
Discrete, Periodic Compounding
Continuous Compounding
Equivalence
PW, FW, EUAS/EUAC
New Present Value, Rate of Return, Payback Period, Benefit-Cost Ratio
Choosing Among Investment Alternatives
Equipment Replacement and Retirement
Depreciation and Taxes
Preparing and Presenting an Economic Feasibility Study