Contemporary Engineering Economics

For courses in engineering and economics Comprehensively blends engineering concepts with economic theory Contemporary Engineering Economics teaches engineers how to make smart financial decisions in an effort to create economical products. As design and manufacturing become an integral part of engineers' work, they are required to make more and more decisions regarding money. The Sixth Edition helps students think like the 21st century engineer who is able to incorporate elements of science, engineering, design, and economics into his or her products. This text comprehensively integrates economic theory with principles of engineering, helping students build sound skills in financial project analysis. MyEngineeringLab(TM) not included. Students, if MyEngineeringLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyEngineeringLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information. MyEngineeringLab is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts. Instructors can choose from a wide range of assignment options, including time limits, proctoring, and maximum number of attempts allowed. The bottom line: MyEngineeringLab means less time grading and more time teaching.Part 1: Basics of Financial Decisions Chapter 1: Engineering Economic Decisions Chapter 2: Accounting and Financial Decision Making Chapter 3: Interest Rate and Economic Equivalence Chapter 4: Understanding Money and Its Management Part 2: Evaluation of Business and Engineering Assets Chapter 5: Present-Worth Analysis Chapter 6: Annual Equivalent-Worth Analysis Chapter 7: Rate-of-Return Analysis Part 3: Analysis of Project Cash Flows Chapter 8: Cost Concepts Relevant to Decision Making Chapter 9: Depreciation and Corporate Taxes Chapter 10: Developing Project Cash Flows Part 4: Handling Risk and Uncertainty Chapter 11: Inflation and Its Impact on Project Cash Chapter 12: Project Risk and Uncertainty Chapter 13: Real-Options Analysis Part 5: Special Topics in Engineering Economics Chapter 14: Replacement Decisions Chapter 15: Capital-Budgeting Decisions Chapter 16: Economic Analysis in the Service Sector Appendix A: Fundamentals of Engineering Review Questions Appendix B: Interest Factors for Discrete Compounding Appendix C: Values of the Standard Normal Distribution Function