Engineering economy / created by William G. Sullivan, Elin M. Wicks and C. Patrick Koelling.

Includes bibliographical references and index.

Front Cover; Title Page; Copyright Page; Contents; Preface; Green Content; Chapter 1 Introduction to Engineering Economy; 1.1 Introduction; 1.2 The Principles of Engineering Economy; 1.3 Engineering Economy and the Design Process; 1.4 Using Spreadsheets in Engineering Economic Analysis; 1.5 Try Your Skills; 1.6 Summary; Chapter 2 Cost Concepts and Design Economics; 2.1 Cost Terminology; 2.2 The General Economic Environment; 2.3 Cost-Driven Design Optimization; 2.4 Present Economy Studies; 2.6 In-Class Exercise; 2.7 Try Your Skills; 2.8 Summary; Chapter 3 Cost-Estimation Techniques 3.1 Introduction3.2 An Integrated Approach; 3.3 Selected Estimating Techniques (Models); 3.4 Parametric Cost Estimating; 3.6 Electronic Spreadsheet Modeling: Learning Curve; 3.7 In-class Exercise; 3.8 Try Your Skills; 3.9 Summary; Chapter 4 The Time Value of Money; 4.1 Introduction; 4.2 Simple Interest; 4.3 Compound Interest; 4.4 The Concept of Equivalence; 4.5 Notation and Cash-Flow Diagrams and Tables; 4.6 Relating Present and Future Equivalent Values of Single Cash Flows; 4.7 Relating a Uniform Series (Annuity) to Its Present and Future Equivalent Values 4.8 Summary of Interest Formulas and Relationships for Discrete Compounding4.9 Deferred Annuities (Uniform Series); 4.10 Equivalence Calculations Involving Multiple Interest Formulas; 4.11 Uniform (Arithmetic) Gradient of Cash Flows; 4.12 Geometric Sequences of Cash Flows; 4.13 Interest Rates that Vary with Time; 4.14 Nominal and Effective Interest Rates; 4.15 Compounding More Often than Once per Year; 4.16 Interest Formulas for Continuous Compounding and Discrete Cash Flows; 4.18 In-Class Exercise; 4.19 Try Your Skills; 4.20 Summary; Chapter 5 Evaluating a Single Project; 5.1 Introduction 5.2 Determining the Minimum Attractive Rate of Return (MARR)5.3 The Present Worth Method; 5.4 The Future Worth Method; 5.5 The Annual Worth Method; 5.6 The Internal Rate of Return Method; 5.7 The External Rate of Return Method 5.8 The Payback (payout) Period Method; 5.9 Case Study-A Proposed Capital Investment to Improve Process Yield; 5.10 Electronic Spreadsheet Modeling: Payback Period Method; 5.11 In-Class Exercise; 5.12 Try Your Skills; 5.13 Summary; Appendix 5-A The Multiple Rate of Return Problem with the IRR Method; Chapter 6 Comparison and Selection Among Alternatives 6.1 Introduction6.2 Basic Concepts for Comparing Alternatives; 6.3 The Study (Analysis) Period; 6.4 Useful Lives Are Equal to the Study Period; 6.5 Useful Lives Are Unequal Among the Alternatives; 6.6 Personal Finances; 6.8 Postevaluation of Results; 6.9 Project Postevaluation Spreadsheet Approach; 6.10 In-Class Exercise; 6.11 Try Your Skills; 6.12 Summary; Chapter 7 Depreciation and Income Taxes; 7.1 Introduction; 7.2 Depreciation Concepts and Terminology; 7.3 The Classical (Historical) Depreciation Methods; 7.4 The Modified Accelerated Cost Recovery System

For courses in undergraduate introductory engineering economics. Understand the importance of engineering economics principles and how to make smart economic choices Used by engineering students worldwide, this bestselling text provides a sound understanding of the principles, basic concepts, and methodology of engineering economy. Explanations and examples that are student-centered and practical in real-life situations help students develop proficiency in the methods and processes for making rational decisions. Built upon the rich and time-tested teaching materials of earlier editions