A Concise Introduction to Engineering Economics
Routledge – 1988 – 400 pages
This comprehensive yet accessible text emphasizes problem solving, evaluation of projects, capital budgeting and resource allocation under risk and uncertainty. Current theory of economics and finance is also discussed andthe text is complemented by a full set of problems, exercises and case studies.
"The title well describes this book. It is an excellent introduction to capital investment decisions for engineers and managers in business and government." - Tunnels & Tunnelling
Preface. Engineering and investment decisions. Compounding discounting, and economic equivalence. Cash flow analysis and inflation. Methods for evaluating investments. Depreciation, taxes, and cost of capital. Comparing alternative investments. Replacement analysis. Risk analysis. Risk analysis models. Capital rationing methods. Evaluation of public projects. Cost analysis. Cost anaylsis models. Lease-or-buy decisions. Profitability analysis. Data sources and cost estimates. Forecasting revenues. Preparing an economic feasibility study. Appendices. Bibliography. Answers to selected problems. Index.