Engineering Economic Analysis
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Author Description
The ideal text for undergraduate engineering economy courses--now with new cases.Since it was first published in 1976, this text has been the market-leading book for the Engineering Economic Analysis course. It has always been characterized by:A focus on practical applications* One way to encourage students to read the book, and to remember and apply what they have learned in this course, is to make it interesting. And there is no better way to do that than to infuse the book with real-world examples, problems, and vignettes.Accessibility* Most students don't have expertise in accounting or finance. This book takes the time to explain concepts carefully while helping students apply them to engineering situations.Superior support packages for students and instructors* To make this course easier to understand, learn, and teach, Oxford University Press offers the best support package available in this market.
Menrva's Summary
THE THESIS
This text investigates the fundamental principles of engineering economy and how they are applied to make informed financial decisions in professional engineering contexts. The authors, Jerome P. Lavelle, Donald G. Newnan, and Ted G. Eschenbach, leverage decades of academic and industry experience to provide a structured framework for evaluating the economic viability of engineering projects. By integrating accounting concepts with practical engineering scenarios, the book establishes a methodology for cost analysis, capital investment, and project management.
THE SCOPE MAP
What You Will Find
- Comprehensive coverage of time value of money, interest rates, and cash flow analysis.
- Practical engineering case studies and real-world vignettes for applied learning.
- Methodologies for comparing project alternatives and evaluating economic risk.
- Instructional support materials designed for undergraduate engineering curricula.
THE AUTHORITY PERSPECTIVE
Experts and educators recognize this work as a foundational text for undergraduate engineering economy courses due to its long-standing history and pedagogical clarity. Readers frequently note the accessibility of the prose, which effectively bridges the gap between complex financial theory and practical engineering application.
Page Count:
612
Publication Date:
2009-07-13
Publisher:
Oxford University Press
ISBN-10:
0195395182
ISBN-13:
9780195395181
Economics
Engineering
Manufacturing Systems
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Finance
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