Book Description
This must-have textbook for students in mechanical, civil, and electrical engineering departments addresses issues not sufficiently covered by existing engineering economics texts. Clearly presenting fundamental concepts that engineering students need to master in one semester, the author effectively applies an incremental learning method, starting with resolving personal financial matters and gradually progressing to the complexities of engineering economic calculations. Ample practical examples and exercises with answers at the end of each chapter teach students to solve problems using Microsoft Excel without the need for calculus. Future engineers also will gain valuable skills such as the ability to effectively communicate the results of their analyses to financial professionals. Students learn the essential principles of engineering economics in one semester. Practical examples and exercises teach complex problem solving using Microsoft Excel, rather than calculus. The author draws from his extensive academic and industry engineering experience. The material in this textbook has been highly successful in classroom testing.
Table of Contents
Ch. 1: Introduction to Engineering Economics.
Ch. 2: Interest and Financial Equivalence.
Ch. 3: Cash Flow Diagrams and Time Value of Money.
Ch. 4: Cash Flow Series and Net Present Value.
Ch. 5: Nominal and Effective Interest Rates.
Ch. 6: Project Justification.
Ch. 7: Sensitivity Analysis.
Ch. 8: Amortization, Depreciation, and Income Taxes.
Ch. 9: Creating Realistic Project Cash Flows.
Ch. 10: Choosing Best Option from Multiple Projects.
Ch. 11: Cost Benefit Analysis for Public Projects.
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