Publisher's Synopsis
This text presents the principles, basic concepts and methodology of engineering economy as they apply to actual problems encountered in professional practice. Numerous case studies and examples based on important applications are integrated into almost all chapters.;It focuses on nonmonetary factors and multiple objectives in decision making and describes typical capital appropriations procedures and includes instructions and forms used by General Electric and Giddings and Lewis. It includes benefit-cost analysis of public projects with examples. BASIC computer programs are provided in the appendices and on a disk for the instructor. The ITABLE program: generates interest tables for discrete and continuous compounding; the BTAX program: calculates all equivalent worth methods, calculates the rate of return methods, and performs sensitivity analyses of sequence cash flows; the ATAX program: calculates depreciation by most methods used since 1979, calculates after-tax cash flows of projects, and determines present worth of a project.
