Engineering Economy

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9780130673381: Engineering Economy

For undergraduate, introductory courses in Engineering Economics.

Used by engineering students worldwide, this best-selling text provides a sound understanding of the principles, basic concepts, and methodology of engineering economy. Built upon the rich and time-tested teaching materials of earlier editions, it is extensively revised and updated to reflect current trends and issues, with an emphasis on the economics of engineering design throughout. It provides one of the most complete and up-to-date studies of this vitally important field.

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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:

Is the design/device technically feasible? What does it cost/will it pay for itself? Practicing engineers are routinely faced with these crucially important questions. To answer the first question, engineers draw upon their technical skills, which have been carefully honed through courses in engineering science/design as well as by professional experience. The second question is often more difficult for engineers to answer affirmatively. This may be true because economic principles were addressed only as an afterthought in their engineering coursework, or possibly not at all! Those students who were fortunate enough to have taken a course in engineering economy have little difficulty answering the "Will it pay...?" question, which is frequently just as important a question as "Will it work?" This statement strikes many engineering students as unbelievable; yet later on, their professional careers will be significantly affected by their ability to deal competently with the economic aspects of engineering.

This twelfth edition of Engineering Economy provides exciting insights and thought-provoking inquiries into the principles, concepts, and techniques of engineering economy. The primary audience for this text is undergraduate students in engineering. As in previous editions, the twelfth edition reflects current theory and practice in the file of engineering economy by way of comprehensive and lucid content. In this edition an attempt has been made to demonstrate how the analysis of alternatives and the ability to earn an adequate return on capital investments are related to the well-being of flourishing and profitable enterprises.

New Features in Engineering Economy, 12e:

  • A new Chapter 15 dealing with multiattibuted decision making
  • Expanded coverage of cost estimating in Chapter 7
  • Economic principles of engineering design now included in Chapter 2
  • A completely rewritten Chapter 9 on Replacement Analysis
  • Internet Boxes, which direct students to additional information on the internet

The companion website has been updated. It can be found at this address:

www.prenhall.com/sullivan_engineering

For instructors, new Microsoft PowerPoint slides contain all the figures from the book, updated Excel spreadsheet templates, sample test questions, and an engineering economy tutorial that includes green engineering examples.

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