For undergraduate, introductory courses in Engineering Economics. Used by engineering students worldwide, this best-selling text provides a sound understanding of the principles, basic concepts, and methodology of engineering economy. Built upon the rich and time-tested teaching materials of earlier editions, Engineering Economy 15th Edition is extensively revised and updated to reflect current trends and issues, with an emphasis on the economics of engineering design throughout. It provides one of the most complete and up-to-date studies of this vitally important field.
Contents - CHAPTER 1 Introduction to Engineering Economy
- CHAPTER 2 Cost Concepts and Design Economics
- CHAPTER 3 Cost-Estimation Techniques 6
- CHAPTER 4 The Time Value of Money
- CHAPTER 5 Evaluating a Single Project
- CHAPTER 6 Comparison and Selection among Alternatives
- CHAPTER 7 Depreciation and Income Taxes
- CHAPTER 8 Price Changes and Exchange Rates
- CHAPTER 9 Replacement Analysis
- CHAPTER 10 Evaluating Projects with the Benefit−Cost Ratio Method
- CHAPTER 11 Breakeven and Sensitivity Analysis
- CHAPTER 12 Probabilistic Risk Analysis
- CHAPTER 13 The Capital Budgeting Process
- CHAPTER 14 Decision Making Considering Multiattributes
- Appendix A Using Excel to Solve Engineering Economy Problems
- Appendix B Abbreviations and Notation
- Appendix C Interest and Annuity Tables for Discrete Compounding
- Appendix D Interest and Annuity Tables for Continuous Compounding
- Appendix E Standard Normal Distribution
- Appendix F Selected References
- Appendix G Answers to Selected Problems
- Index
Key Features
- Case studies with end-of-chapter questions encourage writing and critical thinking.
- TestGen testbank consists of well-crafted assessment questions which are representative of problems found throughout the textbook. Professors can regenerate algorithmically-generated variables within each problem to offer students a virtually unlimited number of paper or online assessments. Additionally, instructors can view, select, and edit testbank questions or create their own questions.
- Fundamentals of Engineering Exam multiple-choice questions appear at the end of each chapter.
- Spreadsheets are integrated throughout the text. In particular, many examples include handworked and computer solutions (with spreadsheets) so that students can see both techniques side by side. There are new end-of-chapter spreadsheet problems as well, and spreadsheet templates.
- A brief basic review of simple accounting principles is included.
- Cost estimating is further emphasized in the text.
- An expanded treatment of the economic aspects of engineering design is featured.
- Economic value is explained in terms of a project's after-tax cash flows. This provides students with information regarding a new approach to measuring profitability.
- Material on the cost of capital explains the cost of equity and debt capital as well as the weighted average cost of capital and its relationship to rate of return concepts. This enables students to understand how engineering projects add economic value to a company.
- Real-world engineering economy analysis methodology helps students develop proficiency with methodology and processes for making rational decisions in situations likely to be encountered in professional practice.
- Case studies demonstrate the integrated application of the principles, basic concepts, and methodology used by engineers in typical, real-world situations. This allows students to see how concepts are applied in the real world.
- Cost estimating, design economics, and electronic spreadsheets provide students with comprehensive, thorough coverage of essential skills and concepts behind engineering economy.
- The theoretical and practical aspects of selecting among capital investments are examined, teaching students to select the most profitable projects to benefit a company's bottom line.
- Internet-accessible electronic spreadsheets provide approximately 50 basic templates for all major topics in the text, and summarize formulas and key concepts. These give students a ready source of information for quick reference and review, eliminating the need to create basic spreadsheets, thereby saving time.
- A multitude of examples help students to more readily understand concepts and reinforce learning.
- A comprehensive instructor's manual is available to adopting professors.
New To This Edition
- Numerous green engineering examples and problems are new to this edition. Many incorporate energy conservation in commonly experienced situations. These elements pertain to engineering economy problems involving energy conservation, materials substitution, recycling, and other green situations. These green elements will be denoted with a vertical green rule and icon.
- Tightly integrated hybrid media using videos of selected problems and examples are featured to enhance problem solving and understanding. These videos are keyed to material in the text with an icon, showing that this resource can be accessed at www.pearsonhighered.com/sullivan. These icon-designated instances are intended to reinforce the learning of engineering economy through analogy with the marked problems and examples, and students are encouraged to take advantage of their availability.
- Over 200 new end-of-chapter problems have been added to this edition. Many are personal interest and current events types of problems.
- PowerPoint visual aids for instructors have been expanded and enhanced.
- A few chapters have been abbreviated to promote more concise and readable topical coverage.
- Many new spreadsheet models of engineering economy problems have been added to the fifteenth edition.
- Answers to selected end-of-chapter problems are included in Appendix G.
- We continue to support TestGen, which algorithmically generates a multitude of test questions (and answers). This useful resource for instructors may be accessed at www.pearsonhighered.com/sullivan.
- Student resources include Pearson e-Text, a complete online version of the book that includes highlighting, note taking, and search capabilities and access to the Video Solutions files which accompany this text, as well as additional student study resources. All end-of-chapter problems with an icon indicate the availability of some form of Video Solutions.
Book Details
- Hardcover: 672 pages
- Publisher: Prentice Hall; 15 edition (© 2012)
- Language: English
- ISBN-10: 0132554909
- ISBN-13: 978-0132554909
- Product Dimensions: 9.1 x 7.4 x 1.1 inches
List Price: $171.00