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Fundamentals of Engineering Economics and Decision Analysis [electronic resource] / by David Whitman, Ronald Terry.

By: Whitman, David [author.].
Contributor(s): Terry, Ronald [author.] | SpringerLink (Online service).
Material type: materialTypeLabelBookSeries: Synthesis Lectures on Engineering: Publisher: Cham : Springer International Publishing : Imprint: Springer, 2012Edition: 1st ed. 2012.Description: XIV, 205 p. online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9783031793486.Subject(s): Engineering design | Materials | Professional education | Vocational education | Engineering Design | Materials Engineering | Professional and Vocational EducationAdditional physical formats: Printed edition:: No title; Printed edition:: No titleDDC classification: 620.0042 Online resources: Click here to access online
Contents:
Introduction -- Interest and the Time Value of Money -- Project Evaluation Methods -- Service Producing Investments -- Income Producing Investments -- Determination of Project Cash Flow -- Financial Leverage -- Basic Statistics and Probability -- Sensitivity Analysis.
In: Springer Nature eBookSummary: The authors cover two general topics: basic engineering economics and risk analysis in this text. Within the topic of engineering economics are discussions on the time value of money and interest relationships. These interest relationships are used to define certain project criteria that are used by engineers and project managers to select the best economic choice among several alternatives. Projects examined will include both income- and service-producing investments. The effects of escalation, inflation, and taxes on the economic analysis of alternatives are discussed. Risk analysis incorporates the concepts of probability and statistics in the evaluation of alternatives. This allows management to determine the probability of success or failure of the project. Two types of sensitivity analyses are presented. The first is referred to as the range approach while the second uses probabilistic concepts to determine a measure of the risk involved. The authors have designed the text to assist individuals to prepare to successfully complete the economics portions of the Fundamentals of Engineering Exam. Table of Contents: Introduction / Interest and the Time Value of Money / Project Evaluation Methods / Service Producing Investments / Income Producing Investments / Determination of Project Cash Flow / Financial Leverage / Basic Statistics and Probability / Sensitivity Analysis.
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Introduction -- Interest and the Time Value of Money -- Project Evaluation Methods -- Service Producing Investments -- Income Producing Investments -- Determination of Project Cash Flow -- Financial Leverage -- Basic Statistics and Probability -- Sensitivity Analysis.

The authors cover two general topics: basic engineering economics and risk analysis in this text. Within the topic of engineering economics are discussions on the time value of money and interest relationships. These interest relationships are used to define certain project criteria that are used by engineers and project managers to select the best economic choice among several alternatives. Projects examined will include both income- and service-producing investments. The effects of escalation, inflation, and taxes on the economic analysis of alternatives are discussed. Risk analysis incorporates the concepts of probability and statistics in the evaluation of alternatives. This allows management to determine the probability of success or failure of the project. Two types of sensitivity analyses are presented. The first is referred to as the range approach while the second uses probabilistic concepts to determine a measure of the risk involved. The authors have designed the text to assist individuals to prepare to successfully complete the economics portions of the Fundamentals of Engineering Exam. Table of Contents: Introduction / Interest and the Time Value of Money / Project Evaluation Methods / Service Producing Investments / Income Producing Investments / Determination of Project Cash Flow / Financial Leverage / Basic Statistics and Probability / Sensitivity Analysis.

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