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Cover

Engineering Economic Analysis

Fourteenth edition

Don Newnan, Ted Eschenbach, Jerome Lavelle, and Neal Lewis

Publication Date - February 2019

ISBN: 9780190931919

720 pages
Hardcover
7-1/2 x 9-1/4 inches

Retail Price to Students: $144.95

Description

Engineering Economic Analysis offers comprehensive coverage of financial and economic decision making for engineers, with an emphasis on problem solving, life-cycle costs, and the time value of money. The authors' clear, accessible writing, emphasis on practical applications, and relevant contemporary examples have made this text a perennial bestseller. With its logical organization and extensive ancillary package, Engineering Economic Analysis is widely regarded as a highly effective tool for teaching and learning. This 14th edition includes crucial updates to cover new US tax laws and software that will algorithmically generate and automatically grade homework problems.

New to this Edition

  • · Major changes in depreciation and personal and corporate taxes: Updated to reflect the Tax Cuts and Jobs Act, Covers bonus depreciation plus MACRS, to match U.S. tax system
  • Major revision of the economic life and replacement chapter: Starts with economic life for alternatives, Simplified to focus on when to replace an aging asset
  • New algorithmic online problems provide faculty with a constant source of fresh homework assignments and different values for every student
  • Hundreds of new assignable online homework problems provide students with instant feedback on whether they are correct

Features

  • Clear, accessible writing, an emphasis on practical applications, and relevant contemporary examples make this the most effective learning tool for students
  • Comprehensive coverage of financial and economic decision-making for engineers, with an emphasis on problem solving, life-cycle costs, and the time value of money make this the most complete choice for faculty
  • Hundreds of new auto-graded and algorithmic homework problems, plus a thorough update on tax and depreciation policy, make this the most current option available

About the Author(s)

Donald Newnan is an Emeritus Professor at San Jose State University. Ted Eschenbach is a consultant and Professor Emeritus of Engineering Management at the University of Alaska Anchorage. Jerome Lavelle is Assistant Dean in the College of Engineering and Associate Professor of Industrial Engineering at North Carolina State University. Neal A. Lewis worked as an engineer for Proctor and Gamble and Bayer for over 25 years before turning his attention to teaching. He was an Associate Professor at Marshall University and the University of Bridgeport for 12 years. He is currently an instructor at the University of New Haven and Fairfield University.

Table of Contents

    PREFACE

    1 MAKING ECONOMIC DECISIONS
    2 ESTIMATING ENGINEERING COSTS AND BENEFITS
    3 INTEREST AND EQUIVALENCE
    4 EQUIVALENCE FOR REPEATED CASH FLOWS
    5 PRESENT WORTH ANALYSIS
    6 ANNUAL CASH FLOW ANALYSIS
    7 RATE OF RETURN ANALYSIS
    APPENDIX 7A Difficulties in Solving for an Interest Rate
    8 CHOOSING THE BEST ALTERNATIVE
    9 OTHER ANALYSIS TECHNIQUES
    APPENDIX 9A Investing for Retirement and Other Future Needs
    10 UNCERTAINTY IN FUTURE EVENTS
    APPENDIX 10A Diversification Reduces Risk
    11 DEPRECIATION
    12 INCOME TAXES FOR CORPORATIONS
    APPENDIX 12A Taxes and Personal Financial Decision Making
    13 REPLACEMENT ANALYSIS
    14 INFLATION AND PRICE CHANGE
    15 SELECTION OF A MINIMUM ATTRACTIVE RATE OF RETURN
    16 ECONOMIC ANALYSIS IN THE PUBLIC SECTOR
    17 ACCOUNTING AND ENGINEERING ECONOMY

    APPENDIX A Introduction to Spreadsheets
    APPENDIX B Time Value of Money Calculations using Spreadsheets and Calculators
    APPENDIX C Compound Interest Tables
    APPENDIX D Fundamentals of Engineering (FE) Exam Practice Problems
    APPENDIX E Selected Answers to End-of-Chapter Problems

    REFERENCES

    INDEX

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