Description
PEARSON INDIA Fundamentals Of Engineering Economics 3Rd Edition by Chan S Park
For Engineering Economics courses, found in departments 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.
Table of Content:
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 Financial Statements 12
1.3 Types of Strategic Engineering Economic Decisions 13
1.3.1 New Products or Product Expansion 14
1.3.2 Equipment and Process Selection 14
1.3.3 Cost Reduction 15
1.3.4 Equipment Replacement 16
1.3.5 Service or Quality Improvement 16
1.4 Fundamental Principles in Engineering Economics 17
Summary 18
Self-Test Questions 19
Problems 19"
Salient Features:
Interior design: Enhances usability and includes annotated Excel spreadsheets.
Chapter-opening vignettes: Each chapter opens with a real economic vignette describing how an individual decision maker or actual corporation has wrestled with the issues discussed in the chapter. These opening cases heighten students' interest by pointing out the real-world relevance and applicability of what might otherwise seem to be dry technical material.
Real-world examples that are relevant to all engineering disciplines: Applications show relevance of the material to student's everyday lives.
Chan Park's renowned authoring style: Chan Park tells the story of engineering economics through engaging scenarios and his hallmark student-friendly writing style.
Concise yet detailed coverage of all fundamental topics of engineering economics. A large number of end-of-chapter problems and exam-type questions varying in level of difficulty help students understand the topics.
Focus on Excel's productivity enhancing benefits for complex project cash flow development and analysis: All Excel spreadsheets contain easy-to-follow call-out formulas. Most chapters contain a section titled "Short Case Studies with Excel," enabling students to use Excel to answer a set of questions.