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
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Ted G. Eschenbach, P.E., is a Professor of Engineering Management at the University of Alaska, Anchorage, and a consultant at TGE Consulting. He is the author or coauthor of five leading engineering economy texts including Engineering Economic Analysis 8/e (2000). The Economic Analysis of Industrial Projects 2/e (1992), and Cases in Engineering Economy (1989). He is also on the editorial board of The Engineering Economist and was founding editor of Engineering Management Journal. In addition, he has served in a variety of positions for the following professional societies: ASEM, ASEE, and IIE.
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