Engineering Economics

Author: Tarcan
Publisher:
Publish Date: 2003-12-01
Features: Engineering Economics is a mandatory course for students majoring in Industrial Engineering. Compared to the 4th edition, this book includes additional new content and various practical examples of economic evaluations. The concepts are clearly explained, with abundant examples and cases, and each chapter provides numerous practical exercises and problems. Microsoft Excel software is commonly used for solving problems, while many examples are retained for manual calculation to enhance students' understanding of the concepts. The book is structured into four levels, progressing from basic to advanced. The first level covers fundamental knowledge of engineering economics, such as the concepts of the time value of money and interest rates. The second level introduces basic methods and tools used in economic analysis and evaluation, such as present value and annual value calculations, cash flow analysis, discount rate and cost analysis, etc. The third level focuses on decision-making theories and methods. The fourth level discusses how to estimate and allocate costs, conduct sensitivity analysis and risk decision-making while considering factors such as inflation, depreciation, and taxes. This textbook combines systematic and practical features, making it convenient for self-study.