Engineering Economics

Author: Song Guofang, Editor-in-Chief
Publisher:
Publish Date: 2005-03-01
Features: Engineering economics is a crucial professional course in the field of industrial engineering, focusing on the economic and benefit aspects 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 economics. 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 introduces the basic principles and foundational knowledge, including the disciplinary characteristics of engineering economics, its research objects, and the elements involved in engineering economic analysis, such as the concepts of investment, assets, costs, and profits 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 focuses on 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 serves as an ideal teaching resource for undergraduate and graduate students in industrial engineering, as well as for those in engineering, management, and economics disciplines. Additionally, it is a valuable reference for professionals in the fields of engineering and economic management.