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Engineering economics

Author: James L Riggs; David D Bedworth; Sabah U Randhawa
Publisher: New York : McGraw-Hill, ©1996.
Series: McGraw-Hill series in industrial engineering and management science.
Edition/Format:   eBook : Document : English : 4th edView all editions and formats

This title provides a resource for introductory and advanced courses in engineering economics. This edition has 16 chapters which include examples and review exercises.


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Additional Physical Format: Print version:
Riggs, James L.
Engineering economics.
New York : McGraw-Hill, ©1996
(DLC) 95042896
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: James L Riggs; David D Bedworth; Sabah U Randhawa
OCLC Number: 605688008
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (xx, 661, 120, 12 pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Contents: Part 1 Introduction to engineering economics: engineering decision makers; engineering and economics; economics - a capsule view; engineering economy - a short history; problem solving and decision making; the engineering economic decision maze cheer - an overview; the perpetual motion mystique; review exercises and discussions; problems. Part 2 Time value of money: interset and the time value of money; reasons for interest; simple interest; compound interest; time-value equivalence; compound-interest factors; cash flow diagrams; calculation of time-value equivalences; review of exercises and discussions; problems. Part 3 Present-worth comparisons: conditions for present-worth comparisons; basic present-worth comparison patterns; comparison of assets that have unequal lives; comparison of assets assumed to have infinite lives; comparison of deferred investments; future-worth comparisons; valuation; payback comparison method; review exercises and discussions; problems. Part 4 Equivalent annual-worth comparisons: utilization of the equivalent annual-worth comparison method; situations for equivalent annual-worth comparison; consideration of asset life; use of a sinking fund; equivalent uniform payments when interest rates vary; annuity contract for a guaranteed income; review of exercises and discussions; problems. Part 5 Rate of return calculations: rates-of-return; minimum acceptable rate of return (MARR); internal rate of return (IRR); consistency of the IRR with other economic comparison methods; IRR misconceptions; final comments on theory and practice behind interest rates; review exercises and discussions; problems.
Series Title: McGraw-Hill series in industrial engineering and management science.
Responsibility: James L. Riggs, David D. Bedworth, Sabah U. Randhawa.


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