Engineering Economics TMH(MCGRAW HILL SERIES IN INDUSTRIAL ENGINEERING AND MANAGEMENT SCIENCE)

This edition of this text continues to be a comprehensive, authoritative and interesting resource for introductory and advanced courses in Engineering Economics. This new edition has streamlined the material into 15 accessible, readable chapters.

The sequence of chapters flows through:

1 Fundamentals required for economic analysis;
2 Structural/procedures for performing those analyses;
3 Specific considerations for the public sector;
4 Depreciation and income tax considerations;
5 Inflation/considerations;
6 Advanced concepts, including risk and decision. An emphasis on a clear, interesting writing style with numerous examples and review exercises offsets traditional ideas that the subject matter can be dull.

Salient Features

• Comprehensive glossaries enable students to clarify definitions at any time.
• Contains both risk analysis (“Cheers”) and spreadsheet software, whose functions include before-and-after-tax analysis, sensitivity and risk analysis, interest tables, loan analysis, and payback period. The student can apply concepts to real world problems without the tedium of manual problem solving.
• Homework problems updated and increased to about 25 per chapter, so that the instructor has a greater range of problems to choose from when preparing homework or exams.
• Chapter 9 (IRS tax and depreciation material) completely updated to conform to the Tax Reform Act 1986, as well as the most recent IRS publication rulings.
• 24 chapters streamlined to 16 – less material makes this text more accessible for instructor and student use.
• Chapter 5 rewritten (rate of return material), particularly regarding the reinvestment question for positive period balances when computing the Internal Rate of Return (IRR).
• Humorous style makes difficult concepts such as the Internal Rate of Return more accessible.
• Advanced topics are also included in this text, such as sensitivity analysis, break even analysis, risk analysis, multi criteria and sequential decision making and productivity issues.