A Concise Introduction to Engineering Economics [Paperback]

This comprehensive yet accessible text emphasizes problem solving, evaluation of projects, capital budgeting and resource allocation under risk and uncertainty. Current theory of economics and finance is also discussed andthe text is complemented by a full set of problems, exercises and case studies.Preface. Engineering and investment decisions. Compounding discounting, and economic equivalence. Cash flow analysis and inflation. Methods for evaluating investments. Depreciation, taxes, and cost of capital. Comparing alternative investments. Replacement analysis. Risk analysis. Risk analysis models. Capital rationing methods. Evaluation of public projects. Cost analysis. Cost anaylsis models. Lease-or-buy decisions. Profitability analysis. Data sources and cost estimates. Forecasting revenues. Preparing an economic feasibility study. Appendices. Bibliography. Answers to selected problems. Index.