Fundamentals of Engineering Economics
ISBN: 9780132775427 | 0132775425
Edition: 3rdFormat: Hardcover
Publisher: Prentice Hall
Pub. Date: 2/6/2012
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For Engineering Economics courses, found in departments of Industrial, Civil, Mechanical, and Electrical Engineering. This text is also useful for any individual interested in the field of Industrial, Civil, Mechanical and Electrical Engineering. From the author of the best-selling Contemporary Engineering Economics text, Fundamentals of Engineering Economics offers a concise, but in-depth coverage of all fundamental topics of Engineering Economics.
PART 1 UNDERSTANDING MONEY AND ITS MANAGEMENT 1
Chapter 1 Engineering Economic Decisions 2
1.1 The Rational Decision-Making Process 4
1.1.1 How Do We Make Typical Personal Decisions? 4
1.1.2 How Do We Approach an Engineering Design Problem? 7
1.1.3 What Makes Economic Decisions Different from Other Design Decisions? 9
1.2 The Engineer’s Role in Business 10
1.2.1 Making Capital-Expenditure Decisions 10
1.2.2 Large-Scale Engineering Economic Decisions 10
1.2.3 Impact of Engineering Projects on Fin... MORE
Chapter 1 Engineering Economic Decisions 2
1.1 The Rational Decision-Making Process 4
1.1.1 How Do We Make Typical Personal Decisions? 4
1.1.2 How Do We Approach an Engineering Design Problem? 7
1.1.3 What Makes Economic Decisions Different from Other Design Decisions? 9
1.2 The Engineer’s Role in Business 10
1.2.1 Making Capital-Expenditure Decisions 10
1.2.2 Large-Scale Engineering Economic Decisions 10
1.2.3 Impact of Engineering Projects on Fin... MORE
Chan S. Park is currently a Professor of Industrial and Systems Engineering at Auburn University. He received the M.S. and Ph.D. degrees in industrial engineering from Purdue University and the Georgia Institute of Technology, respectively. Over his 25-year academic career, he has been actively involved in a variety of areas of research, teaching, and professional consulting. His work has been recognized internationally in the fields of engineering economics, strategic and economic decisions within service sectors, financial engineering (real options valuation), risk analysis, and capital budgeting. He also authored or coauthored leading textbooks on the related subjects, including Contemporary Engineering Economics (Prentice Hall), and Advanced Engineering Economics (John Wiley & Sons). He is the Editor-in-Chief of the journal The Engineering Economist and is a licensed Professional Engineer.
