This book has been written for the standard course commonly called Engineering Economy taught in departments of Industrial Engineering. The content is essential applied microeconomics for engineering projects. It is a required course for most engineering majors. Prerequisites are one semester of calculus, statistics, and familiarity with spreadsheet software programs such as Lotus 1-2-3 or Microsoft Excel. This edition has significant improvements. Chapter 1 (Making Economic
Decisions) has been rewritten to combine Chapters 1 and 2 into a focused unified treatment. In response to adopter suggestions, a new Chapter 2 (Engineering Costs and Cost Estimating) has been added. Chapter 10 (Depreciation) has been rewritten to focus more on the MACRS depreciation method with a new section on recaptured depreciation and asset disposal. Chapter 11 (Income Taxes) has been updated to reflect 1999 tax legislation and rates. Chapter 12 (Replacement Analysis) has been updated in
the
section on after-tax replacement effects. The most substantial change is in the text's approach to spreadsheets. Rather than relying on spreadsheet templates, the emphasis is on helping students learn to use the enormous capabilities of software that is available on every computer. This approach reinforces the traditional engineering economy factor approach, as the equivalent spreadsheet functions (PMT, PV, RATE, etc.) are used frequently. For those students who would benefit from a refresher
or introduction on how to write good spreadsheets, there is an appendix to introduce spreadsheets. In Chapter 2, spreadsheets are used to draw cash flow diagrams. Then from Chapter 4 to Chapter 15 every chapter has a concluding section on spreadsheet use. Each section is designed to support the other material in the chapter and to add to the student's knowledge of spreadsheets. If spreadsheets are used, the student will be very well prepared to apply this tool to real-world problems after
graduation. This approach is designed to support a range of approaches to spreadsheets. Professors and students can rely on the traditional tools of engineering economy and without loss of continuity and completely ignore the material on spreadsheets. Or at the other extreme, professors can introduce the concepts and require all computations to be done with spreadsheets. Or a mix of approaches may be used, depending on the professor, the students, and the particular chapter. In addition to the
specific changes to the various chapters described, over 65 new end-of-chapter homework problems have been added. Also, many less noticeable changes have been made throughout the book to improve its content and readability. For this edition, the textbook is once again available separately. No diskette is included as part of this book; for those instructors using our 6th and 7th edition diskette, it is available in Student Pak II along with the 296-page Student's Quick Study Guide:
Engineering
Economic Analysis with an abstract of engineering economic analysis plus 386 solved problems.
Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.
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