Author Description

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 depreciationBL New problems, examples, references, illustrations, graphs, and tablesBL Minicase studies at the ends of most chaptersBL Improved coverage of replacement analysis, inflation, and sensitivity analysisBL An appendix on engineering economy-based accountingBL More accessible presentation of analyzing the defender in replacement problemsBL Discussion of geometric gradients unified with other engineering economy factorsBL Comparison of mutually exclusive alternatives now precedes the treatment of constrained project selection/capital budgeting