Description
Contemporary Engineering Economics, Global Edition (6th Ed.)
Author: Park Chan
Language: English984 p. · 20.5x25.6 cm · Paperback
Description
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For courses in engineering and economics
Comprehensively blends engineering concepts with economic theory
Contemporary Engineering Economics teaches engineers how to make smart financial decisions in an effort to create economical products. As design and manufacturing become an integral part of engineers? work, they are required to make more and more decisions regarding money.
The 6th Edition helps students think like the 21st century engineer who is able to incorporate elements of science, engineering, design, and economics into his or her products. This text comprehensively integrates economic theory with principles of engineering, helping students build sound skills in financial project analysis.
Part 1: Basics of Financial Decisions
Chapter 1: Engineering Economic Decisions
Chapter 2: Accounting and Financial Decision Making
Chapter 3: Interest Rate and Economic Equivalence
Chapter 4: Understanding Money and Its Management
Part 2: Evaluation of Business and Engineering Assets
Chapter 5: Present-Worth Analysis
Chapter 6: Annual Equivalent-Worth Analysis
Chapter 7: Rate-of-Return Analysis
Part 3: Analysis of Project Cash Flows
Chapter 8: Cost Concepts Relevant to Decision Making
Chapter 9: Depreciation and Corporate Taxes
Chapter 10: Developing Project Cash Flows
Part 4: Handling Risk and Uncertainty
Chapter 11: Inflation and Its Impact on Project Cash
Chapter 12: Project Risk and Uncertainty
Chapter 13: Real-Options Analysis
Part 5: Special Topics in Engineering Economics
Chapter 14: Replacement Decisions
Chapter 15: Capital-Budgeting Decisions
Chapter 16: Economic Analysis in the Service Sector
Appendix A: Fundamentals of Engineering Review Questions
Appendix B: Interest Factors for Discrete Compounding
Appendix C: Values of the Standard Normal Distribution Function
This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content which is especially relevant to students outside the United States.
Contemporary Engineering Economics provides the following features to facilitate learning:
- NEW! Chapter 1 contains a new relevant example on electric vehicle and battery manufacturing.
- NEW! Chapter 2 replaces all previous financial analyses and ratios with those based on the financial statements by Broadcom Corporation. Two new chapter examples have been provided with solutions to review student understanding of financial analysis.
- REVISED! Chapter 3 Excel worksheets have all been redesigned to take advantage of financial functions in solving economic equivalence problems.
- REVISED! Chapter 4 sections have been revised to enhance student understanding of both continuous funds-flow with continuous compounding and to better reflect the current bond market.
- UPDATED! Chapter 5 has been completely streamlined and all Excel spreadsheets have been revised.
- NEW! Chapter 6 includes both new make-buy and HVAC retrofit life-cycle-costing analysis examples.
- NEW! Chapter 7 now contains a section on modified internal rate of return.
- REVISED! Chapter 8 has been streamlined and data related to cost of owning and operating a vehicle has been updated.
- UPDATED! Chapter 9 includes all new information on taxes and Excel spreadsheets on generating depreciation schedules.
- REVISED! Chapter 10 cash flow tables now use Excel.
- UPDATED! Chapter 11 data related to consumer price index and cost data now reflects the current inflation trend and deflation in various economic sectors. Al