Engineering Economy

Basic concepts; terms and graphics; factors and their use; nominal and effective interest rates; use of multiple factors; present-worth and capitalized-cost evaluation; equivalent-uniform annual-worth evaluation; rate of return computations for a single project; rate-of-returns evaluations for multiple alternatives; benefit/cost ratio evaluation; replacement analysis; bonds; inflation, cost elimination and present worth; computation; depreciation and depletion models; basics of income taxes; after-tax economic analysis; break-even value of a variable; capital rationing among independent proposals; determining a minimum attractive rate of return; sensitivity analysis and expected-value decisions; more on variation and decision making under risk.