Global Engineering Economics

Global Engineering Economics: Financial Decision Making for Engineersis designed for teaching a course on engineering economics to match engineering practice today. It recognizes the role of the engineer as a decision maker who has to make and defend sensible decisions. Such decisions must not only take into account a correct assessment of costs and benefits, they must also reflect an understanding of the environment in which the decisions are made. The 4thedition has a new global perspective and presents examples and problems in a global environment.

Engineering Economics: Financial Decision Making for Engineers¿ is designed for teaching a course on engineering economics to match engineering practice today. It recognizes the role of the engineer as a decision maker who has to make and defend sensible decisions. Such decisions must not only take into account a correct assessment of costs and benefits, they must also reflect an understanding of the environment in which the decisions are made. The 5th edition has new material on project management in order to adhere to the CEAB guidelines as well the new edition will have a new spreadsheet feature throughout the text.

For courses in engineering and economics Comprehensively blends engineering concepts with economic theory Contemporary Engineering Economics teaches engineers how to make smart financial decisions in an effort to create economical products. As design and manufacturing become an integral part of engineers’ work, they are required to make more and more decisions regarding money. The 6th Edition helps students think like the 21st century engineer who is able to incorporate elements of science, engineering, design, and economics into his or her products. This text comprehensively integrates economic theory with principles of engineering, helping students build sound skills in financial project analysis. The full text downloaded to your computer With eBooks you can: search for key concepts, words and phrases make highlights and notes as you study share your notes with friends eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps. Upon purchase, you'll gain instant access to this eBook. Time limit The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed.

This work offers a concise, but in-depth coverage of all fundamental topics of engineering economics.

Engineering Economics in Canada is designed for teaching a course on engineering economics to match engineering practice in Canada today. It recognizes the role of the engineer as a decision maker who has to make and defend sensible decisions. Such decisions must not only take into account a correct assessment of costs and benefits. They must also reflect an understanding of the environment in which the decisions are made.

This substantially revised and updated edition of Engineering Economics and Costing continues to build on the fundamental principles and applications of the subject. Divided into three parts: Part I, Engineering Economics; Part II, Financial System; and Part III, Cost Accounting, the text discusses, in a simple and easy-to-understand language, such topics as interest formulas and their applications, and various methods, for example, the present worth method of comparison, future worth method, annual equivalent method, and the rate of return method. It also includes, in its Appendix, interest tables for a wide range of interest rates (0.25-50%) and for a period ranging from one year to 100 years. These tables, along with the topics discussed, will help students of both Engineering and MCA in evaluating engineering projects. What is New to This Edition: Chapter 2 gives a distinction between Microeconomics and Macroeconomics. Chapter 2 also explains the concept of income elasticity, cross elasticity of demand, and elasticity of substitution. At the end Chapter 3, a variety of simple numerical problems with solutions are given to illustrate the concepts discussed. Chapter 8 provides more examples illustrating the various aspects of break-even analysis. While the book is intended primarily as a text for B.Tech. and MCA courses of Biju Patnaik University of Technology (BPUT), Orissa, it would also be highly useful for BE/B.Tech. students of other universities/institutes. Besides, practising engineers and project consultants making economic decision analysis would find this well-organized book immensely valuable. What the Reviewer Says: The book is very clear in exposition of the concepts and theories of Economics. I am confident that it will be extremely helpful to the engineering students. --Dr. NIRMAL CHANDRA SAHU Professor, Postgraduate Department of Economics Berhampur University, Orissa

Revised and updated to reflect major changes in the field, this second edition presents an integrated and balanced view of current attitudes and practices used in sound economic decision-making for engineering problems encountered in the oil industry. The volume contains many problem-solving examples demonstrating how economic analyses are applied to different facets of the oil industry.;Discussion progresses from an introduction to the industry, through principles and techniques of engineering economics, to the application of economic methods to the oil industry. It provides information on the types of crude oils, their finished products and resources of natural gas, and also summarizes worldwide oil production and consumption data.