Applied Economic Analysis for Technologists, Engineers, and Managers

This book provides a practical approach to making integrated financial decisions in contemporary organizations. While mathematics is used throughout, it focuses on the application of the math techniques used in real-world settings. Examples, Questions, Problems, and Discussion Cases balance quantitative analysis, team based decisions, technical factors, and qualitative information. A four-part organization covers financial concepts, financial analysis and time value of money, financial decision making, and continuous financial improvement. For those working in design, process and manufacturing engineering, purchasing, and financial analysis in both manufacturing and service organizations; for members of financial improvement teams; and for technical and senior managers.

The new edition of Applied Economic Analysis, for Technologists, Engineers, and Managers focuses on classic engineering economy topics such as time value of money, project and investment analysis, depreciation, taxes, and asset replacement for contemporary organizations, projects, and individuals. Rich with applied examples, this text provides a practical approach to making integrated financial decisions in contemporary organizations.

New features of the second edition include:

• Additional questions, problems, and case studies to emphasize learning and applications.
• Revised and added topics on incremental analysis, risk, probability, uncertainty, and six sigma cost improvement techniques.
• Important equations printed inside the book cover.
• Important topics such as operating cash flow and financial ratios have been updated and rearranged to be more user-friendly.
• An improved and expanded instructor's manual and a student study guide that includes a comprehensive case study paralleling the topics in this text, study suggestions, and solutions to the odd-numbered end-of-chapter problems.