Engineering Economy

Author: Song Guofang, Editor-in-Chief
Publisher:
Publish Date: 2005-03-01
Features: Engineering Economy (Revised Edition) is divided into three parts and ten chapters, covering the fundamental theories and methodological framework of engineering economy. It incorporates China's socialist market economy practices and discusses many new topics, such as the Minimum Revenue Requirement Method for public utility projects, the matrix method for dual-factor sensitivity analysis, and the comprehensive evaluation of high-tech projects. Part I focuses on basic principles and foundational knowledge, including the disciplinary characteristics of engineering economy, its research objects, and the elements involved in engineering economic analysis, such as the concepts of investment, assets, costs, and taxes. Part II covers the theories and methods of engineering economic analysis, including the time value of money, economic evaluation indicators, multi-alternative comparison and selection, and uncertainty analysis. Part III is dedicated to specialized research and applications, emphasizing the financial evaluation of investment projects, comprehensive project evaluation, economic analysis of equipment replacement, value engineering, and case studies. Engineering Economy (Revised Edition) is not only an ideal teaching text for undergraduate and graduate students in industrial engineering, as well as those in engineering, management, and economics, but also a valuable reference for readers in the fields of engineering and economic management. Engineering economy is a core foundational course in industrial engineering, focusing on the economic and financial benefits of technical solutions for engineering projects. It is a core foundational course in industrial engineering, focusing on the economic and financial benefits of technical solutions for engineering projects. This book is divided into three parts and ten chapters, covering the fundamental theories and methodological framework of engineering economy, incorporating China's socialist market economy practices and discussing many new topics, such as the Minimum Revenue Requirement Method for public utility projects, the matrix method for dual-factor sensitivity analysis, and the comprehensive evaluation of high-tech projects. Part I focuses on basic principles and foundational knowledge, including the disciplinary characteristics of engineering economy, its research objects, and the elements involved in engineering economic analysis, such as the concepts of investment, assets, costs, and taxes. Part II covers the theories and methods of engineering economic analysis, including the time value of money, economic evaluation indicators, multi-alternative comparison and selection, and uncertainty analysis. Part III is dedicated to specialized research and applications, emphasizing the financial evaluation of investment projects, comprehensive project evaluation, economic analysis of equipment replacement, value engineering, and case studies. This book is not only an ideal teaching text for undergraduate and graduate students in industrial engineering, as well as those in engineering, management, and economics, but also a valuable reference for readers in the fields of engineering and economic management.