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Contemporary Engineering Economics, 7th edition

Published by Pearson (November 23, 2022) © 2023

  • Chan S Park Auburn University
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Contemporary Engineering Economics teaches engineers how to make smart financial decisions to create economical products. As design and manufacturing become an integral part of engineers' work, they are required to make more and more decisions regarding money.

The 7th Edition helps you learn to think like a modern engineer who can incorporate elements of science, engineering, design, and economics into your work. With its comprehensive integration of economic theory and principles of engineering, this text helps you build sound skills in financial project analysis.

PART 1: FUNDAMENTALS

  1. Engineering Economic Decisions
  2. Accounting Information for Engineering Economic Decisions
  3. Interest Rate and Economic Equivalence
  4. Understanding Money and Its Management

PART 2: EVALUATION TOOLS OF BUSINESS AND ENGINEERING ASSETS

  1. Present-Worth Analysis
  2. Annual Equivalent-Worth Analysis
  3. Rate-of-Return Analysis

PART 3: DEVELOPMENT OF PROJECT CASH FLOWS

  1. Cost Concepts Relevant to Decision Making
  2. Depreciation and Corporate Taxes
  3. Developing Project Cash Flows
  4. Inflation and Its Impact on Project Cash Flows

PART 4: CONSIDERING RISK AND UNCERTAINTY IN ECONOMIC ANALYSES

  1. Project Risk and Uncertainty
    12-A. Risk Analysis by Computer Simulation
  2. Real-Options Analysis

PART 5: SPECIAL TOPICS IN ENGINEERING ECONOMICS

  1. Replacement Decisions
  2. Capital-Budgeting Decisions
  3. Economic Analysis in the Service Sector

APPENDICES

  1. Answers to the Self-Test Questions
  2. Interest Factors for Discrete Compounding
  3. Values of the Standard Normal Distribution Function
  4. Summary of Interest Factor Formulas, Decision Criteria, and Useful Excel Financial Functions

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