For Engineering Economics courses, found in departments of Industrial, Civil, Mechanical, and Electrical Engineering. From the author of the best-selling Contemporary Engineering Economics text, Fundamentals of Engineering Economics offers a concise, but in-depth coverage of all fundamental topics of Engineering Economics.
Contents
PART 1 UNDERSTANDING MONEY AND ITS MANAGEMENT
- Chapter 1 Engineering Economic Decisions
- Chapter 2 Time Value of Money
- Chapter 3 Understanding Money Management
- Chapter 4 Equivalence Calculations under Inflation
PART 2 EVALUATING BUSINESS AND ENGINEERING ASSETS
- Chapter 5 Present-Worth Analysis
- Chapter 6 Annual-Equivalence Analysis
- Chapter 7 Rate-of-Return Analysis
- Chapter 8 Benefit—Cost Analysis
PART 3 DEVELOPMENT OF PROJECT CASH FLOWS
- Chapter 9 Accounting for Depreciation and Income Taxes
- Chapter 10 Project Cash-Flow Analysis
- Chapter 11 Handling Project Uncertainty
PART 4 SPECIAL TOPICS IN ENGINEERING ECONOMIC
- Chapter 12 Replacement Decisions
- Chapter 13 Understanding Financial Statements
- Appendix A Self-Test Questions with Answers
- Appendix B Interest Factors for Discrete Compounding
- Appendix C How to Read the Cumulative Standardized Normal
- Distribution Function
- Index
Key Features
- Interior design: Enhances usability and includes annotated Excel spreadsheets.
- Chapter-opening vignettes: Each chapter opens with a real economic vignette describing how an individual decision maker or actual corporation has wrestled with the issues discussed in the chapter. These opening cases heighten students’ interest by pointing out the real-world relevance and applicability of what might otherwise seem to be dry technical material.
- Real-world examples that are relevant to all engineering disciplines: Applications show relevance of the material to student's everyday lives.
- Chan Park's renowned authoring style: Chan Park tells the story of engineering economics through engaging scenarios and his hallmark student-friendly writing style.
- Concise yet detailed coverage of all fundamental topics of engineering economics. A large number of end-of-chapter problems and exam-type questions varying in level of difficulty help students understand the topics.
- Focus on Excel’s productivity enhancing benefits for complex project cash flow development and analysis: All Excel spreadsheets contain easy-to-follow call-out formulas. Most chapters contain a section titled “Short Case Studies with Excel,” enabling students to use Excel to answer a set of questions.
- Student companion website: The companion website http://www.pearsonhighered.com/park includes the Pearson eText, self-study quizzes, FE review quizzes, Excel templates, Case Studies and more.
New To This Edition
- All the chapter opening vignettes – a trademark of Fundamentals of Engineering Economics – have been revised or completely replaced with more current and thought-provoking examples from both service and manufacturing sectors.
- Self-Test Questions have been added at the end of each chapter (131 problems in total), and worked-out solutions to the questions are provided in Appendix A. These questions are formatted in a style suitable for Fundamental Engineering Exam review and created to help students prepare for a typical class exam common to introductory engineering economic courses.
- The Benefit—Cost Analysis has been moved to Chapter 8 , as a part of measure of investment chapters. The profitability index is included in this chapter.
- Most of the end-of-chapter problems are revised to reflect the changes in the main text. There are 708 problems, including 131 self-test questions, 43% of which are new or updated.
- Various Excel® spreadsheet modeling techniques are introduced throughout the chapters, and the original Excel files are provided online at the Companion Website. Most worksheets have been redesigned with graphical outputs.
About the Author
- Chan S. Park is currently a Professor of Industrial and Systems Engineering at Auburn University. He received the M.S. and Ph.D. degrees in industrial engineering from Purdue University and the Georgia Institute of Technology, respectively. Over his 25-year academic career, he has been actively involved in a variety of areas of research, teaching, and professional consulting. His work has been recognized internationally in the fields of engineering economics, strategic and economic decisions within service sectors, financial engineering (real options valuation), risk analysis, and capital budgeting. He also authored or coauthored leading textbooks on the related subjects, including Contemporary Engineering Economics (Prentice Hall), and Advanced Engineering Economics (John Wiley & Sons). He is the Editor-in-Chief of the journal The Engineering Economist and is a licensed Professional Engineer.
Book Details
- Hardcover: 696 pages
- Publisher: Prentice Hall; 3 edition (February 16, 2012)
- Language: English
- ISBN-10: 0132775425
- ISBN-13: 978-0132775427
- Product Dimensions: 10.1 x 8.2 x 1.1 inches
List Price: $158.00