Engineering Economy: Applying Theory to Practice

Thoroughly revised in this second edition, Engineering Economy: Applying Theory to Practice combines real-world problems minicases, and examples with a solid theoretical foundation in engineering economy. This innovative book covers all the standard topics included in the Fundamentals of Engineering (FE) Exam. It clearly illustrates concepts and methods--such as cost estimating, sensitivity analysis, probability, and multiple objectives--needed for successful application of engineering economy in industry practice. In addition, fully integrated Excel spreadsheets throughout the text function as indispensable analytical tools for problem-solving and understanding. Engineering Economy: Applying Theory to Practice, 2/e, is a comprehensive introductory text suitable for upper-division undergraduate courses, graduate courses, or as a professional reference.

NEW TO THE SECOND EDITION:

BL Unique insight into using Excel functions for MACRS depreciation

BL New problems, examples, references, illustrations, graphs, and tables

BL Minicase studies at the ends of most chapters

BL Improved coverage of replacement analysis, inflation, and sensitivity analysis

BL An appendix on engineering economy-based accounting

BL More accessible presentation of analyzing the defender in replacement problems

BL Discussion of geometric gradients unified with other engineering economy factors

BL Comparison of mutually exclusive alternatives now precedes the treatment of constrained project selection/capital budgeting