Engineering Economic Analysis

This volume introduces the fundamental concepts of engineering economics. Written for standard engineering economics courses, it covers major time value of money principles for engineering projects and isolates the problems and decisions engineers commonly face. It also examines the tools necessary to properly analyze and solve those problems. Revised in 2000, the eighth edition focuses on the use of spreadsheets, teaching students to use the enormous capabilities of modern software, rather than relying on spreadsheet templates. The majority of the chapters conclude with sections designed to help students create spreadsheets based on the material covered in each chapter. The book's organization should give the professor the flexibility to omit spreadsheet instruction without loss of continuity (accommodating shorter courses) or to require that all computations be done with spreadsheets, thus preparing students to use this tool for real-life problems.