Introduction to Engineering Economy for Business and Personal Applications

Engineering economy textbooks typically cover topics such as how to calculate a future value from a present value or from an annuity. However, most books describe these concepts using fictional situations that are not relatable to the students' financial reality.

Engineering students need to connect engineering economy concepts to the realities of their personal finance, such as selecting a credit card, financing a car, acquiring a mortgage, and most importantly, planning for retirement. Introduction to Engineering Economy for Business and Personal Applications not only covers classical engineering economy topics but also provides a direct application of these topics to personal finance and small business finance.

In eight student-friendly chapters, author Salvador Rojas-Murillo offers readers details on everything from introductory concepts and definitions to more advanced topics such as benefit-cost ratio, asset depreciation, and taxable income. Useful features such as learning objectives, reading activities, learning outcomes, exercises, chapter summaries, and review questions help boost student comprehension. An appendix with compound interest rate tables rounds out the extensive support material for readers.

Introduction to Engineering Economy for Business and Personal Applications is the ideal textbook for undergraduate students taking an engineering economy course.

Salvador Rojas-Murillo is an associate professor of engineering at Hofstra University, where he teaches courses in engineering economy, among other industrial engineering courses such as operations research, methods engineering, and human computer interaction. Dr Rojas-Murillo has a Ph.D. in industrial engineering from the University of Iowa and a master's degree in industrial engineering from Lehigh University.