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Engineering economy / William G. Sullivan, Virginia Polytechnic Institute and State University ; Elin M. Wicks, Wicks and Associates, L.L.P. ; C. Patrick Koelling, Virginia Polytechnic Institute and State University.

By: Sullivan, William G, 1942- [author.].
Contributor(s): Wicks, Elin M [author.] | Koelling, C. Patrick, 1953- [author.].
Series: Always learning.Singapore : Pearson Education South Asia Pte Ltd., ©2015Edition: Sixteenth Edition, Global edition.Description: xx, 694 pages : illustrations ; 24 cm.Content type: text. ISBN: 9789814628693 (pbk).Subject(s): Engineering economyDDC classification: 620.00681/Su53 Other classification: COECS/E
Contents:
1. Introduction to Engineering Economy -- 2. Cost Concepts and Design Economics -- 3. Cost-Estimation Techniques -- 4. The Time Value of Money -- 5. Evaluating a Single Project -- 6. Comparison and Selection among Alternatives -- 7. Depreciation and Income Taxes -- 8. Price Changes and Exchange Rates -- 9. Replacement Analysis -- 10. Evaluating Projects with the Benefit-Cost Ratio Method -- 11. Breakeven and Sensitivity Analysis -- 12. Probabilistic Risk Analysis -- 13. The Capital Budgeting Process -- 14. Decision Making Considering Multiattributes -- 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 -- 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 -- 2.5. Case Study-The Economics of Daytime Running Lights -- 2.6. Try Your Skills -- 2.7. Summary -- 3. Cost-Estimation Techniques -- 3.1. Introduction -- 3.2. An Integrated Approach -- 3.3. Selected Estimating Techniques (Models) -- 3.4. Parametric Cost Estimating -- 3.5. Case Study-Demanufacturing of Computers -- 3.6. Electronic Spreadsheet Modeling: Learning Curve -- 3.7. Try Your Skills -- 3.8. Summary -- 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 -- 4.7. Relating a Uniform Series (Annuity) to Its Present and Future Equivalent -- 4.8. Summary of Interest Formulas and Relationships for Discrete Compounding -- 4.9. 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 -- 4.17. Case Study-Understanding Economic "Equivalence" -- 4.18. Try Your Skills -- 4.19. Summary -- 5. Evaluating a Single Project -- 5.1. Introduction -- 5.2. Determining the Minimum Attractive Rate of Return (MARR) -- 5.3. The PresentWorth 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. Try Your Skills -- 5.12. Summary -- 6. Comparison and Selection among Alternatives -- 6.1. Introduction -- 6.2. 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 -- 6.7. Case Study-Ned and Larry's Ice Cream Company -- 6.8. Postevaluation of Results -- 6.9. Project Postevaluation Spreadsheet Approach -- 6.10. Try Your Skills -- 6.11. Summary -- 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 -- 7.5. A Comprehensive Depreciation Example -- 7.6. Introduction to Income Taxes -- 7.7. The Effective (Marginal) Corporate Income Tax Rate -- 7.8. Gain (Loss) on the Disposal of an Asset -- 7.9. General Procedure for Making After-Tax Economic Analyses -- 7.10. Illustration of Computations of ATCFs -- 7.11. Economic Value Added -- 7.12. Try Your Skills -- 7.13. Summary -- 8. Price Changes and Exchange Rates -- 8.1. Introduction -- 8.2. Terminology and Basic Concepts -- 8.3. Fixed and Responsive Annuities -- 8.4. Differential Price Changes -- 8.5. Spreadsheet Application -- 8.6. Foreign Exchange Rates and Purchasing Power Concepts -- 8.7. Case Study-Selecting Electric Motors to Power an Assembly Line -- 8.8. Try Your Skills -- 8.9. Summary of Single Cash Flows -- 9. Replacement Analysis -- 9.1. Introduction -- 9.2. Reasons for Replacement Analysis -- 9.3. Factors that Must Be Considered in Replacement Studies -- 9.4. Typical Replacement Problems -- 9.5. Determining the Economic Life of a New Asset (Challenger) -- 9.6. Determining the Economic Life of a Defender -- 9.7. Comparisons in Which the Defender's Useful Life Differs from that of the Challenger -- 9.8. Retirement without Replacement (Abandonment) -- 9.9. After-Tax Replacement Studies -- 9.10. Case Study-Replacement of a Hospital's Emergency Electrical Supply System -- 9.11. Summary -- 10. Evaluating Projects with the Benefit-Cost Ratio Method -- 10.1. Introduction -- 10.2. Perspective and Terminology for Analyzing Public Projects -- 10.3. Self-Liquidating Projects -- 10.4. Multiple-Purpose Projects -- 10.5. Difficulties in Evaluating Public-Sector Projects -- 10.6. What Interest Rate Should Be Used for Public Projects? -- 10.7. The Benefit-Cost Ratio Method -- 10.8. Evaluating Independent Projects by B-C Ratios -- 10.9. Comparison of Mutually Exclusive Projects by B-C Ratios -- 10.10. Case Study-Improving a Railroad Crossing -- 10.11. Summary -- 11. Breakeven and Sensitivity Analysis -- 11.1. Introduction -- 11.2. Breakeven Analysis -- 11.3. Sensitivity Analysis -- 11.4. Multiple Factor Sensitivity Analysis -- 11.5. Summary -- 12. Probabilistic Risk Analysis -- 12.1. Introduction -- 12.2. Sources of Uncertainty -- 12.3. The Distribution of Random Variables -- 12.4. Evaluation of Projects with Discrete Random Variables -- 12.5. Evaluation of Projects with Continuous Random Variables -- 12.6. Evaluation of Risk and Uncertainty by Monte Carlo Simulation -- 12.7. Performing Monte Carlo Simulation with a Computer -- 12.8. Decision Trees -- 12.9. Real Options Analysis -- 12.10. Summary -- 13. The Capital Budgeting Process -- 13.1. Introduction -- 13.2. Debt Capital -- 13.3. Equity Capital -- 13.4. TheWeighted Average Cost of Capital (WACC) -- 13.5. Project Selection -- 13.6. Postmortem Review -- 13.7. Budgeting of Capital Investments and Management Perspective -- 13.8. Leasing Decisions -- 13.9. Capital Allocation -- 13.10. Summary -- 14. Decision Making Considering Multiattributes -- 14.1. Introduction -- 14.2. Examples of Multiattribute Decisions -- 14.3. Choice of Attributes -- 14.4. Selection of a Measurement Scale -- 14.5. Dimensionality of the Problem -- 14.6. Noncompensatory Models -- 14.7. Compensatory Models -- 14.8. Summary -- Appendix A. Using Excel to Solve Engineering Economy Problems -- Appendix B. Abbreviations and Notation -- Appendix C. Interest and Annuity Tables for Discrete Compounding -- Appendix D. Interest and Annuity Tables for Continuous Compounding -- Appendix E. Standard Normal Distribution -- Appendix F. Selected References -- Appendix G. Solutions to Try Your Skills -- Appendix H. Answers to Selected Problems.
Summary: "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."--Publisher's website
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General Reference Section 		COECS/E 620.00681/Su53 (Browse shelf) Available 83640

Original edition, entitled Engineering Economy, Global edition, 16th edition, 9781292019499 by William G. Sullivan, Elin M. Wicks and C. Patrick Koelling, published by Pearson Education Limited, Copyright ©2014 by Pearson Education Limited.

Includes index.

1. Introduction to Engineering Economy -- 2. Cost Concepts and Design Economics -- 3. Cost-Estimation Techniques -- 4. The Time Value of Money -- 5. Evaluating a Single Project -- 6. Comparison and Selection among Alternatives -- 7. Depreciation and Income Taxes -- 8. Price Changes and Exchange Rates -- 9. Replacement Analysis -- 10. Evaluating Projects with the Benefit-Cost Ratio Method -- 11. Breakeven and Sensitivity Analysis -- 12. Probabilistic Risk Analysis -- 13. The Capital Budgeting Process -- 14. Decision Making Considering Multiattributes -- 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 -- 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 -- 2.5. Case Study-The Economics of Daytime Running Lights -- 2.6. Try Your Skills -- 2.7. Summary -- 3. Cost-Estimation Techniques -- 3.1. Introduction -- 3.2. An Integrated Approach -- 3.3. Selected Estimating Techniques (Models) -- 3.4. Parametric Cost Estimating -- 3.5. Case Study-Demanufacturing of Computers -- 3.6. Electronic Spreadsheet Modeling: Learning Curve -- 3.7. Try Your Skills -- 3.8. Summary -- 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 -- 4.7. Relating a Uniform Series (Annuity) to Its Present and Future Equivalent -- 4.8. Summary of Interest Formulas and Relationships for Discrete Compounding -- 4.9. 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 -- 4.17. Case Study-Understanding Economic "Equivalence" -- 4.18. Try Your Skills -- 4.19. Summary -- 5. Evaluating a Single Project -- 5.1. Introduction -- 5.2. Determining the Minimum Attractive Rate of Return (MARR) -- 5.3. The PresentWorth 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. Try Your Skills -- 5.12. Summary -- 6. Comparison and Selection among Alternatives -- 6.1. Introduction -- 6.2. 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 -- 6.7. Case Study-Ned and Larry's Ice Cream Company -- 6.8. Postevaluation of Results -- 6.9. Project Postevaluation Spreadsheet Approach -- 6.10. Try Your Skills -- 6.11. Summary -- 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 -- 7.5. A Comprehensive Depreciation Example -- 7.6. Introduction to Income Taxes -- 7.7. The Effective (Marginal) Corporate Income Tax Rate -- 7.8. Gain (Loss) on the Disposal of an Asset -- 7.9. General Procedure for Making After-Tax Economic Analyses -- 7.10. Illustration of Computations of ATCFs -- 7.11. Economic Value Added -- 7.12. Try Your Skills -- 7.13. Summary -- 8. Price Changes and Exchange Rates -- 8.1. Introduction -- 8.2. Terminology and Basic Concepts -- 8.3. Fixed and Responsive Annuities -- 8.4. Differential Price Changes -- 8.5. Spreadsheet Application -- 8.6. Foreign Exchange Rates and Purchasing Power Concepts -- 8.7. Case Study-Selecting Electric Motors to Power an Assembly Line -- 8.8. Try Your Skills -- 8.9. Summary of Single Cash Flows -- 9. Replacement Analysis -- 9.1. Introduction -- 9.2. Reasons for Replacement Analysis -- 9.3. Factors that Must Be Considered in Replacement Studies -- 9.4. Typical Replacement Problems -- 9.5. Determining the Economic Life of a New Asset (Challenger) -- 9.6. Determining the Economic Life of a Defender -- 9.7. Comparisons in Which the Defender's Useful Life Differs from that of the Challenger -- 9.8. Retirement without Replacement (Abandonment) -- 9.9. After-Tax Replacement Studies -- 9.10. Case Study-Replacement of a Hospital's Emergency Electrical Supply System -- 9.11. Summary -- 10. Evaluating Projects with the Benefit-Cost Ratio Method -- 10.1. Introduction -- 10.2. Perspective and Terminology for Analyzing Public Projects -- 10.3. Self-Liquidating Projects -- 10.4. Multiple-Purpose Projects -- 10.5. Difficulties in Evaluating Public-Sector Projects -- 10.6. What Interest Rate Should Be Used for Public Projects? -- 10.7. The Benefit-Cost Ratio Method -- 10.8. Evaluating Independent Projects by B-C Ratios -- 10.9. Comparison of Mutually Exclusive Projects by B-C Ratios -- 10.10. Case Study-Improving a Railroad Crossing -- 10.11. Summary -- 11. Breakeven and Sensitivity Analysis -- 11.1. Introduction -- 11.2. Breakeven Analysis -- 11.3. Sensitivity Analysis -- 11.4. Multiple Factor Sensitivity Analysis -- 11.5. Summary -- 12. Probabilistic Risk Analysis -- 12.1. Introduction -- 12.2. Sources of Uncertainty -- 12.3. The Distribution of Random Variables -- 12.4. Evaluation of Projects with Discrete Random Variables -- 12.5. Evaluation of Projects with Continuous Random Variables -- 12.6. Evaluation of Risk and Uncertainty by Monte Carlo Simulation -- 12.7. Performing Monte Carlo Simulation with a Computer -- 12.8. Decision Trees -- 12.9. Real Options Analysis -- 12.10. Summary -- 13. The Capital Budgeting Process -- 13.1. Introduction -- 13.2. Debt Capital -- 13.3. Equity Capital -- 13.4. TheWeighted Average Cost of Capital (WACC) -- 13.5. Project Selection -- 13.6. Postmortem Review -- 13.7. Budgeting of Capital Investments and Management Perspective -- 13.8. Leasing Decisions -- 13.9. Capital Allocation -- 13.10. Summary -- 14. Decision Making Considering Multiattributes -- 14.1. Introduction -- 14.2. Examples of Multiattribute Decisions -- 14.3. Choice of Attributes -- 14.4. Selection of a Measurement Scale -- 14.5. Dimensionality of the Problem -- 14.6. Noncompensatory Models -- 14.7. Compensatory Models -- 14.8. Summary -- Appendix A. Using Excel to Solve Engineering Economy Problems -- Appendix B. Abbreviations and Notation -- Appendix C. Interest and Annuity Tables for Discrete Compounding -- Appendix D. Interest and Annuity Tables for Continuous Compounding -- Appendix E. Standard Normal Distribution -- Appendix F. Selected References -- Appendix G. Solutions to Try Your Skills -- Appendix H. Answers to Selected Problems.

"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."--Publisher's website

In English.

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