Engineering Economy 7th Edition
Book Preface
This edition includes the time-tested approach and topics of previous editions and introduces signifi – cantly new print and electronic features useful to learning about and successfully applying the exciting field of engineering economics. Money makes a huge difference in the life of a corporation, an individual, and a government. Learning to understand, analyze, and manage the money side of any project is vital to its success. To be professionally successful, every engineer must be able to deal with the time value of money, economic facts, infl ation, cost estimation, tax considerations, as well as spreadsheet and calculator use. This book is a great help to the learner and the instructor in accomplishing these goals by using easy-to understand language, simple graphics, and online features.
What’s New and What’s Best
This seventh edition is full of new information and features. Plus the supporting online materials are new and updated to enhance the teaching and learning experience. New topics:
• Ethics and the economics of engineering
• Service sector projects and their evaluation
• Real options development and analysis
• Value-added taxes and how they work
• Multiple rates of return and ways to eliminate them using spreadsheets
• No tabulated factors needed for equivalence computations (Appendix D)
New features in print and online:
• Totally new design to highlight important terms, concepts, and decision guidelines
• Progressive examples that continue throughout a chapter
• Downloadable online presentations featuring voice-over slides and animation
• Vital concepts and guidelines identifi ed in margins; brief descriptions available (Appendix E)
• Fresh spreadsheet displays with on-image comments and function details
• Case studies (21 of them) ranging in topics from ethics to energy to simulation
Retained features:
• Many end-of-chapter problems (over 90% are new or revised)
• Easy-to-read language to enhance understanding in a variety of course environments
• Fundamentals of Engineering (FE) Exam review questions that double as additional or review problems for quizzes and tests
• Hand and spreadsheet solutions presented for many examples
• Flexible chapter ordering after fundamental topics are understood
• Complete solutions manual available online (with access approval for instructors)
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