Fundamentals of Engineering Economics and Decision Analysis is popular PDF and ePub book, written by David Whitman in 2012, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Fundamentals of Engineering Economics and Decision Analysis can be Read Online from any device for your convenience.
Fundamentals of Engineering Economics and Decision Analysis Book PDF Summary
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
Detail Book of Fundamentals of Engineering Economics and Decision Analysis PDF
- Author : David Whitman
- Release : 01 October 2024
- Publisher : Morgan & Claypool Publishers
- ISBN : 9781608458646
- Genre : Business & Economics
- Total Page : 219 pages
- Language : English
- PDF File Size : 21,5 Mb
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