Contemporary engineering economics /
Chan S. Park, Department of Industrial and Systems Engineering, Auburn University.
- Sixth edition; Global edition
- 980 pages : illustrations ; 26 cm.
- Always learning .
Includes index.
Part 1: Basics of Financial Decisions
Chapter 1: Engineering Economic Decisions
Chapter 2: Accounting and Financial Decision Making
Chapter 3: Interest Rate and Economic Equivalence
Chapter 4: Understanding Money and Its Management
Part 2: Evaluation of Business and Engineering Assets
Chapter 5: Present-Worth Analysis
Chapter 6: Annual Equivalent-Worth Analysis
Chapter 7: Rate-of-Return Analysis
Part 3: Analysis of Project Cash Flows
Chapter 8: Cost Concepts Relevant to Decision Making
Chapter 9: Depreciation and Corporate Taxes
Chapter 10: Developing Project Cash Flows
Part 4: Handling Risk and Uncertainty
Chapter 11: Inflation and Its Impact on Project Cash
Chapter 12: Project Risk and Uncertainty
Chapter 13: Real-Options Analysis
Part 5: Special Topics in Engineering Economics
Chapter 14: Replacement Decisions
Chapter 15: Capital-Budgeting Decisions
Chapter 16: Economic Analysis in the Service Sector
Appendix A: Fundamentals of Engineering Review Questions
Appendix B: Interest Factors for Discrete Compounding
Appendix C: Values of the Standard Normal Distribution Function
Contemporary Engineering Economics teaches engineers how to make smart financial decisions in an effort 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 Sixth Edition helps students think like the 21st century engineer who is able to incorporate elements of science, engineering, design, and economics into his or her products. This text comprehensively integrates economic theory with principles of engineering, helping students build sound skills in financial project analysis.