The new edition of a textbook for engineering students on the economic factors of the design process. Topics include comparing alternatives, depreciation and income taxes, replacement analysis, probabilistic risk analysis, and capital financing and allocation.
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.