This student-friendly text on the current economic issues particular to engineering covers the topics needed to analyze engineering alternatives. Students use both hand-worked and spreadsheet solutions of examples, problems and case studies. In this edition the options have been increased, with an expanded spreadsheet analysis component, twice the number of case studies, and virtually all new end-of-chapter problems. The chapters on factor derivation and usage, cost estimation, replacement studies, and after-tax evaluation have been heavily revised. New material is included on public sector projects and cost estimation. A reordering of chapters puts the fundamental topics up front in the text. Many chapters include a special set of problems that prepare the students for the Fundamentals of Engineering (FE) exam. This college-level text provides students and practicing professionals with a solid preparation in the financial understanding of engineering problems and projects, as well as the techniques needed for evaluating and making sound economic decisions. Distinguishing characteristics include learning objectives for each chapter, an easy-to-read writing style, many solved examples, integrated spreadsheets, and case studies throughout the text. Graphical cross-referencing between topics and quick-solve spreadsheet solutions are indicated in the margins throughout the text. While the chapters are progressive, over three-quarters can stand alone, allowing instructors flexibility for meeting course needs. A complete online learning center (OLC) offers supplemental practice problems, spreadsheet exercises, and review questions for the Fundamentals of Engineering (FE) exam.
This book is priceless! I think this book is the most important and valuable book for investors, and for everyone in general. Time value of money has never been thoroughly discussed and covered like in this book. I couldn't emphasize how much I love this book, it did change my life plans and my way of thinking towards my personal goals and career goals. Thank God, I had the solution manual, without the solution manual, it would not have been as helpful though.
I didn't take this class in college and the $3 used book store find made it an option. You encounter a lot of this math, cost of time, and value of money in work. A lot of it gets miscontrued or not considered correctly. You really have to get to chapters 8 and beyond to realize how mistakes are made. Problem is that the previous chapters set you up for understanding the later chapters. Can't read the last few chapters and skip.