Contemporary Engineering Economics

Hardcover | April 20, 2015

byChan S. Park

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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.


Also Available with MyEngineeringLab™

This title is also available with MyEngineeringLab — 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.


Students interested in purchasing this title with MyEngineeringLab should ask their instructor for the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information.


 

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From the Publisher

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...

Format:HardcoverDimensions:984 pages, 10.29 × 8.27 × 1.42 inPublished:April 20, 2015Publisher:Pearson EducationLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0134105591

ISBN - 13:9780134105598

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Extra Content

Table of Contents

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