Contemporary Engineering Economics, 7th edition

Chan S Park

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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.

ISBN-13: 9780137633111

Subject: Industrial Engineering

Category: Engineering Economics

PART 1: FUNDAMENTALS

Engineering Economic Decisions
Accounting Information for Engineering Economic Decisions
Interest Rate and Economic Equivalence
Understanding Money and Its Management

PART 2: EVALUATION TOOLS OF BUSINESS AND ENGINEERING ASSETS

Present-Worth Analysis
Annual Equivalent-Worth Analysis
Rate-of-Return Analysis

PART 3: DEVELOPMENT OF PROJECT CASH FLOWS

Cost Concepts Relevant to Decision Making
Depreciation and Corporate Taxes
Developing Project Cash Flows
Inflation and Its Impact on Project Cash Flows

PART 4: CONSIDERING RISK AND UNCERTAINTY IN ECONOMIC ANALYSES

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

PART 5: SPECIAL TOPICS IN ENGINEERING ECONOMICS

Replacement Decisions
Capital-Budgeting Decisions
Economic Analysis in the Service Sector

APPENDICES

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