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Engineering Economy (16th Edition), by William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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Engineering Economy is intended to serve as a text for classroom instruction in undergraduate, introductory courses in Engineering Economics. It also serves as a basic reference for use by practicing engineers in all specialty areas (e.g., chemical, civil, computer, electrical, industrial, and mechanical engineering). The book is also useful to persons engaged in the management of technical activities.
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Used by engineering students worldwide, this best-selling text provides a sound understanding of the principles, basic concepts, and methodology of engineering economy. Built upon the rich and time-tested teaching materials of earlier editions, it is extensively revised and updated to reflect current trends and issues, with an emphasis on the economics of engineering design throughout. It provides one of the most complete and up-to-date studies of this vitally important field.
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MyEngineeringLab for Engineering Economy is a total learning package that is designed to improve results through personalized learning. MyEngineeringLab is an online homework, tutorial, and assessment program that truly engages students in learning. It helps students better prepare for class, quizzes, and exams—resulting in better performance in the course—and provides educators a dynamic set of tools for gauging individual and class progress.¿
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Teaching and Learning Experience
This program will provide a better teaching and learning experience—for you and your students. It will help:
- Personalize Learning: MyEngineeringLab provides students with a personalized interactive learning environment, where they can learn at their own pace and measure their progress.
- Provide a Solid Foundation in the Principles, Concepts, and Methodology of Engineering Economy: Students will learn to understand and apply economic principles to engineering.
- Prepare Students for Professional Practice:¿ Students will develop proficiency with the process for making rational decisions that they are likely to encounter in professional practice.
- Support Learning: The TestGen testbank allows instructors to regenerate algorithmically-generated variables within each problem to offer students a virtually unlimited number of paper or online assessments.
Note: You are purchasing a standalone product; MyEngineeringLab does not come packaged with this content. If you would like to purchase both the physical text and MyEngineeringLab ¿search for ISBN-10: 0133750213/ISBN-13: 9780133750218. That package includes ISBN-10: 0133439275/ISBN-13: 9780133439274 and ISBN-10: 0133455343 /ISBN-13: 9780133455342.
MyEngineeringLab is not a self-paced technology and should only be purchased when required by an instructor.
- Sales Rank: #35371 in Books
- Published on: 2014-01-02
- Original language: English
- Number of items: 1
- Dimensions: 9.20" h x 1.00" w x 7.40" l, .0 pounds
- Binding: Hardcover
- 704 pages
About the Author
Sullivan is professor of Industrial and Systems Engineering at Virginia Polytechnic Institute and State University. He has a PhD in Industrial and Systems Engineering from Georgia Institute of Technology.
Wicks is an assistant professor of Industrial Engineering at the University of Missouri, Columbia. She obtained a PhD in Industrial and Systems Engineering from the Virginia Polytechnic Institute and State University.
Most helpful customer reviews
22 of 24 people found the following review helpful.
A practical guide for the manager
By Eugene Julies Pr. eng.
I first used this book as a student-I found it useful then, today I insist that all managers reporting to me review, and use, the concepts and techniques provided by the authors.
The book is useful, in that concepts are well explained, the examples are relevant, but most important for me is that it provides managers who have little or no experience in determining project costs with a handy means (including formulae and worked examples) of doing so.
I have tried to get copies of the most recent edition, the popularity seems to be such that the book is sold out. I most readily recommend this to anyone who needs to justify capital expenditure, who needs to do project costing, and who has to prepare proposals for submission to the boss (or the board of directors)in order to obtain funds for capital expansion, refurbishment or simply equipment upgrades.
11 of 11 people found the following review helpful.
Useful to the student and the professional
By calvinnme
Just as engineers must accurately model technical solutions to a problem, they must also model the economic impact of those technical solutions. This is a very good book for both the engineering student and the practicing engineer. Unlike many texts on straight economics, it is not just filled with narrative. It has many well-explained formulas and examples using those formulas throughout. The numerous exercises included throughout the book involve open-ended problem statements and iterative problem-solving skills, which are the real-world skills you'll need on the job. Various engineering disciplines are presented. FE exam-style questions have been added to help prepare engineering students for that milestone examination. Passing the FE exam is a first step in getting licensed as a "Professional Engineer" or PE. A good companion to this book is the Schaum's Outline on Engineering Economics. This is one of those textbooks where having the latest edition is really better, since the laws of finance are man-made and do change over time. The following is the table of contents for the latest edition:
FUNDAMENTALS OF ENGINEERING ECONOMY.
1. Introduction to Engineering Economy.
2. Cost Concepts and Design Economics.
3. Money-Time Relationships and Equivalence.
4. Applications of Money-Time Relationships.
II. ENGINEERING ECONOMY IN ACTION.
5. Applications of Money-Time Relationships.
6. Comparing Alternatives.
7. Depreciation and Income Taxes.
8. Price Changes and Exchange Rates.
9. Replacement Analysis.
10. Dealing with Uncertainty.
III. ADDITIONAL TOPICS IN ENGINEERING ECONOMY.
11. Evaluating Projects with the Benefit/Cost Ratio Method.
12. Engineering Economy Studies in Investor-Owned Utilities.
13. Probabilistic Risk Analysis.
14. Capital Financing and Allocation.
15. Dealing with Multiattributed Decisions.
Appendixes.
3 of 4 people found the following review helpful.
Engineering Economy
By D. Broussard
This is a well written book. The examples are very helpful. I have been learning the material with no external instruction, only the book.
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