Fundamentals of Engineering Economics
by Park, Chan S.Edition: 2nd
Format: Hardcover
Pub. Date: 2008-01-01
Publisher(s): Prentice Hall
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Summary
From the author of the best-sellingContemporary Engineering Economicsbook,Fundamentals of Engineering Economicsoffers concise, but in-depth coverage of all fundamental topics of Engineering Economics.A four-part organization outlines an understanding of money and its management, how to evaluate business and engineering assets, .the development of project cash flows, and special topics in engineering economics.For individuals interested in the field of industrial, civil, mechanical and electrical engineering
Table of Contents
| Understanding Money and its Management | p. 1 |
| Engineering Economic Decisions | p. 2 |
| The Rational-Decision-Making Process | p. 4 |
| How Do We Make Typical Personal Decisions? | p. 4 |
| How Do We Approach an Engineering Design Problem? | p. 7 |
| What Makes Economic Decisions Different from Other Design Decisions? | p. 10 |
| The Engineer's Role in Business | p. 10 |
| Making Capital-Expenditure Decisions | p. 10 |
| Large-Scale Engineering Economic Decisions | p. 11 |
| Impact of Engineering Projects on Financial Statements | p. 13 |
| Types of Strategic Engineering Economic Decisions | p. 14 |
| Fundamental Principles in Engineering Economics | p. 18 |
| Summary | p. 19 |
| Time Value of Money | p. 20 |
| Interest: The Cost of Money | p. 22 |
| The Time Value of Money | p. 22 |
| Elements of Transactions Involving Interest | p. 24 |
| Methods of Calculating Interest | p. 26 |
| Economic Equivalence | p. 28 |
| Definition and Simple Calculations | p. 28 |
| Equivalence Calculations Require a Common Time | |
| Basis for Comparison | p. 31 |
| Interest Formulas for Single Cash Flows | p. 33 |
| Compound-Amount Factor | p. 33 |
| Present-Worth Factor | p. 35 |
| Solving for Time and Interest Rates | p. 38 |
| Uneven-Payment Series | p. 40 |
| Equal-Payment Series | p. 42 |
| Compound-Amount Factor: Find F, Given A, i, and N | p. 43 |
| Sinking-Fund Factor: Find A, Given F, i, and N | p. 47 |
| Capital-Recovery Factor (Annuity Factor): Find A, Given P, i and N | p. 49 |
| Present-Worth Factor: Find P, Given A, i, and N | p. 52 |
| Present Value of Perpetuities | p. 57 |
| Dealing with Gradient Series | p. 57 |
| Handling Linear Gradient Series | p. 58 |
| Table of Contents provided by Publisher. All Rights Reserved. |
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