Engineering Economy

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9780023282713: Engineering Economy

Providing a sound understanding of the principles, basic concepts, and methodology of engineering economy, this book is built upon the rich and time-tested teaching materials of earlier editions - extensively revised and updated to reflect current trends and issues, with an emphasis on the economics of engineering design throughout. It provides a complete and up-to-date of this important field, not only helping students to develop proficiency with the methods used in engineering economy analysis and the process for making rational decisions in situations likely to be encountered in professional practice, but also including insightful and comprehensive case studies to demonstrate the integrated application of the principles, basic concepts, and methodologies used by engineers in typical real-world situations. It thoroughly discusses the field's most significant topics, such as cost estimating, design economics, and electronic spreadsheets.

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Review:

"Adopters who want to teach their students how to solve the problems they are likely to encounter on the FE should be happy with Sullivan... Sullivan has passed the test of time for good reasons." — William Shughart, University of Mississippi

"I think that Sullivan et al. is clearer and easier to read than some of the other texts. It sticks to application more than theory and has a lot of examples and problems." — Karen Bursic, University of Pittsburgh

"There is a wealth of end-of-chapter problems that are both well done and written in a way that students, in general, understand what is being asked. The text has proven the test of time and has been honed to a fine edge." — Patrick Knelling, Virginia Polytechnic Institute

From the Back Cover:

Engineering Economy

Fourteenth Edition

 

William G. Sullivan

Elin M. Wicks

C. Patrick Koelling

 

A succinct job description for an engineer consists of just two words: problem solver. Broadly speaking, engineers use knowledge to find new ways of doing things economically. Engineering design solutions do not exist in a vacuum, but within the context of a business opportunity. Truly, every problem has multiple solutions, so the question is, “How does one rationally select the design solution with the most favorable economic result?” The answer to this question can also be put forth in two words: engineering economy. This field of engineering provides a systematic framework for evaluating the economic aspects of competing design solutions. Just as engineers model the stress on a support column or the thermodynamic properties of a steam turbine, they must also model the economic impact of their engineering recommendations. Engineering economy is the subject of this textbook.

 

Highlights of Engineering Economy, Fourteenth Edition:

×        Fifty percent of end-of-chapter problems are new or revised.

×        A bank of algorithmically generated test questions is available to adopting instructors.

×        Fundamentals of Engineering (FE) exam-style questions are included among the end-of-chapter problem sets.

×        Spreadsheet models are integrated throughout.

×        An appendix on the basics of accounting is included in Chapter 2.

×        Chapter 3 on Cost Estimation appears early in the book.

×        An appendix on techniques for using Excel in engineering economy is available for reference.

×        Numerous comprehensive examples and case studies appear throughout the book.

×        Extended learning exercises appear in most chapters.

×        Personal finance problems are featured in most chapters.

×        Many pointers to relevant Web sites are provided.

 

ISBN-13: 978-0-13-614297-3

ISBN-10: 0-13-614297-4

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DeGarmo, E.Paul; Sullivan, William G.; Bontadelli, James A.
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