Product Description

Remarkable technological advances still elave us basing most major engineering decisions on economic considerations. So, this clear and concise examination of the principles of engineering economics should benefit all undergraduate students, regardless of their area of interest. Students will learn about compound interest and the time value of money, depriciation and taxes and more, and then find out how to use this information to make real-life decisions. Includes hundreds of practise problems with answers.

Product Details

• Amazon Sales Rank: #117338 in Books
• Published on: 1984-06-01
• Original language: English
• Number of items: 1
• Binding: Paperback
• 224 pages

Features

• ISBN13: 9780070238343
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.
• Click here to view our Condition Guide and Shipping Prices

From the Back Cover
Master engineering economics with Schaum's---the high-performance study guide. It will help you cut study time, hone problem-solving skills, and achieve your personal best on exams!

Students love Schaum's Outlines because they produce results. Each year, hundreds of thousands of students improve their test scores and final grades with these indispensable study guides. Get the edge on your classmates. Use Schaum's!

If you don't have a lot of time but want to excel in class, this book helps you:

• Brush up before tests
• Find answers fast
• Study quickly and more effectively
• Get the big picture without spending hours poring over lengthy textbooks

Schaum's Outlines give you the information teachers expect you to know in a handy and succinct format--without overwhelming you with unnecessary details. You get a complete overview of the subject. Plus, you get plenty of practice exercises to test your skill. Compatible with any classroom text, Schaum's lets you study at your own pace and reminds you of all the important facts you need to remember--fast! And Schaum's are so complete, they're perfect for preparing for graduate or professional exams.

Inside, you will find:

• 283 detailed problems with step-by-step solutions
• Clear, concise explanations of all the economics commonly encountered in engineering, from depreciation to economic feasibility studies
• Help with basic concepts, algebraic methods, compounding, and taxes
• A solved-problem approach that teaches you with hands-on help
• Exercises for improving your problem-solving skills

If you want top grades and thorough understanding of engineering economics, this powerful study tool is the best tutor you can have!

About the Author
McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

Customer Reviews

Good supplement of an engineering economics book
This is a good compendium of pills and problems useful for practicing and for quick reviewing engineering economics concepts. It does not, however, stands alone as a book on the subject because it lacks unity and completeness in its treatment. The book was helpful for me to revisit some points and to clarify a few others, and I think that was the main purpose of the authors. For the price it is a very good deal.

Great as a supplement and source of example problems
The best thing about this outline, particularly the second half, is the use of real-world examples to illustrate the use of equations. Lots of Engineering Economy texts either fail to explain the equations sufficiently, or they lack examples of varying complexity so that the student can really test their knowledge of the subject. This outline bridges that gap and would make an excellent study guide for anyone enrolled in an Engineering Economy class. Just don't think it can stand alone as a textbook on the subject.

The first five chapters are very basic, starting with the calculation of simple interest and continuing through continuous compounding and continuous payments. Chapter three is rather interesting, showing how algebra and linear interpolation can be used to calculate various values if they fall between two tabulated values. It's a simple enough concept, but it is often omitted in textbooks on engineering economy.

Chapter six turns to more advanced topics, starting with economic equivalence and determining at what time money transactions actually occur based on the fact that money changes value with time. Chapter 7 treats several valuation methods which are useful in deciding among economic alternatives. Chapter 8 acts as a sequel and is devoted to techniques that are primarily used for analyzing proposed capital investments. Chapter nine reaches back to the concept of the MARR (Minimum Acceptable Rate of Return) first discussed in chapter six and discusses in detail the best way to allocate a given budget among several competing projects. Chapters 10 and 11 discuss the related issues of equipment replacement and retirement, depreciation, and taxes. The outline shows how to determine if a piece of equipment has reached a point beyond which it has become uneconomical to operate it even if the equipment is still "running".

Chapter 12 is a capstone chapter in the book in that it bridges the gap between the specific techniques presented in the first eleven chapters and investment decisions made in the real world. Chapter twelve is thus concerned with the presentation of a feasability analysis to a lending institution. Highly recommended as a study guide.

Very helpful
I bought this book to help me study for the fundamentals of engineering exam. My school didn't require an engineering economics course, so this was my first exposure to the material.

The material was concise and easy to understand. Within four chapters I knew everything I needed to know for the FE exam. It was good enough that it inspired me to buy Schaums's Outlines for several other topics.