Author Description

An introductory text to the basic principles and applications of engineering economy presenting students with a methodology to make rational economic decisions in their professional engineering careers. The newest edition since its first publication in 1942 extends the time tested materials involving cost concepts and economic environment, the principles of money-time relationships and their applications, project evaluation with the cost/benefit ratio method, estimating cash flows, inflation, price changes, and the application of replacement and probabilistic risk. Each discussion provides ample examples and problems. The appendices include interest and annuity tables, standardized normal distribution function, and problem answers. Annotation copyrighted by Book News, Inc., Portland, OR