Engineering economy : applying theory to practice

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: · Unique insight into using Excel functions for MACRS depreciation · New problems, examples, references, illustrations, graphs, and tables · Minicase studies at the ends of most chapters · Improved coverage of replacement analysis, inflation, and sensitivity analysis · An appendix on engineering economy-based accounting · More accessible presentation of analyzing the defender in replacement problems · Discussion of geometric gradients unified with other engineering economy factors · Comparison of mutually exclusive alternatives now precedes the treatment of constrained project selection/capital budgeting