Basics of Engineering Economy

© 2014
by Leland Blank, Anthony Tarquin

2nd Edition 496 Pages Hardback
9780073376356 0073376353
  • Description
  • Table of Contents
  • Features

This text covers the basic techniques and applications of engineering economy for all disciplines in the engineering profession.

The writing style emphasizes brief, crisp coverage of the principle or technique discussed in order to reduce the time taken to present and grasp the essentials.

The objective of the text is to explain and demonstrate the principles and techniques of engineering economic analysis as applied in different fields of engineering. This brief text includes coverage of multiple attribute evaluation for instructors who want to include non-economic dimensions in alternative evaluation and the discussion of risk considerations in the appendix, compared to Blank's comprehensive text, where these topics are discussed in two unique chapters.

Chapter 1 Foundations of Engineering Economy

Chapter 2 Factors: How Time and Interest Effect Money

Chapter 3 Nominal and Effective Interest Rates

Chapter 4 PresentWorth Analysis

Chapter 5 Annual Worth Analysis

Chapter 6 Rate of Return Analysis

Chapter 7 Benefit/Cost Analysis and Public Sector Projects

Chapter 8 Breakeven, Sensitivity and Payback Analysis

Chapter 9 Replacement and Retention Decisions

Chapter 10 Effects of Inflation

Chapter 11 Estimating Costs

Chapter 12 Depreciation Methods

Chapter 13 After-tax Economic Analysis

Chapter 14 Alternative Evaluation Considering Multiple Attributes and Risk

Appendix A: Using Spreadsheets and Microsoft Excel

Appendix B: Accounting Reports and Business Ratios

Appendix C: Final Answers to Selected Problems

New to this Edition

To purchase an eBook version of this title visit (ISBN 0077510682). With the CourseSmart e Textbook version of this title, students can save money, reduce their impact on the environment, and access powerful web tools for learning. Faculty can also review and compare the full text online without having to wait for a print desk copy.

Retained Features

Solutions manual, lecture slides, and image library of figures are available online for each chapter with password protection for adopters.

Purpose statement and learning outcomes at the beginning of each chapter with outcomes tied to individual sections.

Examples in each section, taken from different engineering disciplines, are maintained from the first edition, plus several new examples to better illustrate current topics and solution approaches.

Spreadsheet and calculator applications are primarily concentrated in a final section of each chapter, allowing incorporation of electronic solutions or omission of this technology, at the discretion of the professor.

Large number of end-of-chapter problems that cover all aspects of the text's material in each section.

Multiple-choice questions for each chapter that are useful in a review for the FE Exam. Alternatively, these problems can be used as additional problems or for review prior to a course exam. These can be easily incorporated into auto-grade systems for online and distance-learning course structures through course management systems such as Blackboard.

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