Engineering Economic Analysis
by Newnan, Donald G.; Lavelle, Jerome P.; Eschenbach, Ted G.Edition: 8th
Format: Hardcover
Pub. Date: 2000-06-08
Publisher(s): Oxford University Press
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Summary
Highly regarded by professors and students alike , Engineering Economic Analysis, Eighth Edition , introduces the fundamental concepts of engineering economics. Written for standard engineering economics courses, this bestselling volume by Donald G. Newnan, Jerome P. Lavelle, and Ted G. Eschenbach covers essential time value of money principles for engineering projects and isolates the problems and decisions engineers commonly face. It also examines the tools necessary to properly analyze and solve those problems. Revised in 2000, the eighth edition focuses on the use of spreadsheets, teaching students to use the enormous capabilities of modern software, rather than relying on spreadsheet templates. The majority of the chapters conclude with sections designed to help students create spreadsheets based on the material covered in each chapter. The book's organization gives professors the flexibility to omit spreadsheet instruction without loss of continuity (accommodating shorter courses) or to require that all computations be done with spreadsheets, thus preparing students to use this essential tool for real-life problems.
Table of Contents
| Compound Interest Equations | |
| Economic Criteria | |
| Preface | |
| Making Economic Decisions | |
| A Sea of ProblemsSimple Problems | |
| Intermediate Problems | |
| Complex Problems | |
| The Role of Engineering Economic Analysis | |
| Examples of Engineering Economic Analysis | |
| The Decision-Making Process | |
| Rational Decision Making | |
| Recognize Problem | |
| Define the Goals | |
| Assemble Relevant | |
| Data | |
| Identify Feasible Alternatives | |
| Select the Criterion | |
| Construct a Model;Predict Each Alternative''s Outcomes | |
| Choose the Best Alternative | |
| Audit theResults | |
| Engineering Decision Making | |
| Engineering Costs And Cost Estimating | |
| Engineering CostsFixed, Variable, Marginal, and Average Costs | |
| Sunk Costs | |
| Opportunity Costs | |
| Recurring and Non-recurring Costs | |
| Incremental Costs | |
| Cash Costs versus BookCosts | |
| Life-cycle CostsCost Estimating | |
| Types of Estimates | |
| Difficulties in Estimation | |
| One-of-a-kind Estimates | |
| Timeand Effort Available | |
| Estimator Expertise | |
| Estimating ModelsPer Unit Model | |
| Segmenting Model | |
| Cost Indexes | |
| Power Sizing Model;Triangulation | |
| Improvement and the Learning Curve | |
| Estimating Benefits | |
| Cash Flow Diagrams | |
| Categories of Cash Flows | |
| Drawing a Cash Flow Diagram | |
| Drawing Cash Flow | |
| Diagrams with a Spreadsheet | |
| Interest And Equivalence | |
| Computing Cash Flows | |
| Time Value of Money | |
| Simple Interest | |
| Repaying a Dept | |
| Equivalence | |
| Difference in Repayment Plans | |
| Equivalence is Dependent on Interest Rate | |
| Application of Equivalence Calculations | |
| Single Payment Compound Interest Formulas | |
| More Interest Formulas | |
| Uniform Series Compound Interest Formulas | |
| Relationships Between Compound Interest Factors | |
| Single Payment | |
| Uniform Series | |
| Arithmetic Gradient | |
| Derivation of Arithmetic Gradient Factors | |
| Geometric Gradient | |
| Nominal And Effective Interest | |
| Continuous Compounding | |
| Single Payment Interest Factors | |
| Uniform Payment Series | |
| Continuous, Uniform | |
| Cash Flow | |
| Spreadsheets for Economic Analysis | |
| Spreadsheet Annuity Functions | |
| Spreadsheet Block Functions | |
| Basic Graphin UsingSpreadsheets | |
| Present Worth Analysis | |
| Economic Criteria | |
| Applying Present Worth Techniques | |
| Useful Lives Equal the Analysis Period | |
| Net Present Worth | |
| Useful LivesDifferent from the Analyis Period | |
| Infinite Analysis Period--Capitalized Cost | |
| Multiple Alternatives | |
| Assumptions in Solving Economic Analysis Problems | |
| End-of-year Convention | |
| Viewpoint of Economic Analysis Studies | |
| Sunk Costs | |
| Borrowed Money Viewpoint | |
| Effect of Inflation and Deflation | |
| Income Taxes | |
| Spreadsheets and Present Worth | |
| Annual Cash Flow Analysis | |
| Annual Cash Flow Calculations | |
| Resolving a Present Cost to an Annual Cost | |
| Treatment of Salvage Value | |
| Annual Cash Flow Analysis | |
| Analysis Period | |
| Analysis Period Equal to Alternative Lives | |
| Analysis Period a Common Multiple ofAlternative Lives | |
| Analysis Period for a Continuing Requirement | |
| Infinite | |
| Analysis Period | |
| Some Other Analysis Period | |
| Using Spreadsheets to Analyze Loans | |
| Building an Amortization Schedule | |
| How Much to Interest? | |
| How much to Principal? | |
| Finding the Balance Due on a Loan | |
| Payoff Debt Sooner by Increasing Payments | |
| Rate Of Return Analysis | |
| Internal Rate of Return | |
| Calculating Rate of Return | |
| Plot of NPW vs. Interest Rate irRate of Return Analysis | |
| Analysis Period Spreadsheets and Rate of Return Analysis | |
| A Difficulties Solving For An Interest Rate | |
| Converting a Cash Flow to a Mathematical Equation | |
| Cash Flow Rule of SignsZero Sign Changes | |
| One Sign Change | |
| Two or More Sign Changes | |
| What theDifficulties Mean | |
| External Interest Rate | |
| Resolving Multiple Rate of Return Problems | |
| A Further Look at the theComputation of Rate of Return | |
| Incremental Analysis | |
| Graphical Solutions | |
| Incremental Rate of Return Analysis | |
| Elements in Incremental Rate of Return Analysis | |
| Incremental Analysis Where There are Unlimited Alternatives | |
| Present Worth Analysis With Benefit-Cost Graphs | |
| Choosing an Analysis Method | |
| Spreadsheets and Incremental Analysis | |
| Other Analysis Techniques | |
| Future Worth Analysis | |
| Benefit-Cost Ratio Analysis | |
| Continuous Alternatives | |
| Payback Period | |
| Sensitivity and Breakeven Analysis | |
| Graphing with Spreadsheets for Sensitivity and Breakeven Analysis | |
| Depreciation | |
| Basic Aspects of DepreciationDeterio | |
| Table of Contents provided by Publisher. All Rights Reserved. |
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