An introduction to engineering economics /

An introduction to engineering economics /

The economy has changed rapidly. Both the nation's economy and the world economy has undergone changes since the World War II. The end of cold war has given impetus to rise of globalization. China and India are now invited to attend G20 meetings. Engineering education imparts a variety of skill...

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Bibliographic Details
Main Author: Sharma, Kal Renganathan (Author)
Format: eBook
Language:English
Published: New York, [New York] (222 East 46th Street, New York, NY 10017) : Momentum Press, 2015.
Series:Engineering management collection.
Subjects:
Engineering economy.
Electronic books.
Online Access:Connect to the full text of this electronic book
Table of Contents:
  • 1. Fundamentals of engineering economy
  • 1.1 What is engineering, what is economy, and what is engineering economy? Example 1.0. Start of technocrats of Texas
  • 1.2 Seven principles of engineering economy
  • 1.3 Summary
  • 1.4 References
  • 2. Variable and fixed costs
  • 2.1 One-time and recurring costs
  • 2.2 The life cycle of an enterprise
  • 2.3 Total revenue, total cost, and profitable region. Example 2.1. Garlic Bread Nibbler Snack Factory
  • 2.4 Giffen and Veblen goods. Example 2.2. Japanese robots. Example 2.3. Lawn mowers from China
  • 2.5 Dualistic relations
  • 2.6 Summary
  • 2.7 References
  • 3. Time value of money
  • 3.1 Simple and compound interest. Example 3.1. Compound interest calculated on an everyday basis
  • 3.1.1 Effective interest rate
  • 3.2 Uniform series of payments
  • 3.2.1 Given A, I, and N find F. Example 3.2. Doubling time of investment
  • 3.2.2 Given A, I, and N find P
  • Example 3.3. Perpetual payment and Father's Day prize. Example 3.4. 0% interest rate. Example 3.5. Nest egg of Alice Smith. Example 3.6. Diversified portfolio. Example 3.7. George Tataseo's royalty payments and investment
  • 3.2.3 Given F, I, and A, find N
  • 3.2.4 Given P, I, and A, find N
  • 3.2.5 Given F, A, and N, find I
  • 3.2.6 Given P, A, and N, find I. Example 3.8 U-pay-now & I-pay-later. Example 3.8. When does a micro-power plant become more attractive investment?
  • 3.3 Uniform gradient series of payments
  • 3.4 Continuous compounding
  • 3.4.1 F/P, F/A, P/A, A/F, and A/P for continuous compounding. Example 3.10. Continuous compounding
  • 3.4.2 Given F, A, and I', find N during continuous compounding. Example 3.11. Time taken to achieve investment goal. Example 3.12. Biodiesel production from waste cooking oil. Example 3.13. Credit card debt of U.S. households. Example 3.14. Time taken to pay off credit card debt. Example 3.14. Deferred annuity
  • 3.5 Summary
  • 3.6 References
  • 4. Methods for evaluation of capital projects
  • 4.1 Overview
  • 4.2 Present worth analysis (PW). Example 4.1. Hydrogen from fast pyrolysis and steam re-forming
  • Example 4.2. Replacement for the World Trade Center (WTC). Example 4.3. Capitalized worth of Stone's replacement for the WTC
  • 4.3 Future worth analysis (FW). Example 4.4. University apartments. Example 4.5. Present worth of a sugar mill. Example 4.6. Invest in gold or stock market. Example 4.7. Electric/gas hybrid vehicle. Example 4.8. Effect of inflation on PW. Example 4.9. Life-cycle cost analysis of HVAC systems. Example 4.10. Municipal garbage collection truck. Example 4.11. Hexane extraction of rice-bran oil
  • 4.4 Annual worth analysis (AW). Example 4.12. Annual worth (AW) of a biodiesel plant in Taiwan
  • Example 4.13. Debt consolidation. Example 4.14. Solar panel
  • 4.5 IRR (internal rate of return). Example 4.15. Profitability of liquefaction plants. Example 4.16. Ethanol production by fermentation
  • 4.6 ERR (external rate of return)
  • 4.7 Payback period. Example 4.17. Copper-chlorine thermochemical cycles for hydrogen production
  • 4.6 Summary
  • 4.7 References
  • 5. Decision analysis and comparison of alternates
  • 5.1 Overview. Example 5.1. Best process to manufacture CNTs (carbon nanotubes). Example 5.2. Cost savings by using microfiltration pretreatment during SWRO (sea water reverse osmosis). Cost of water (conventional)
  • Cost of water (MF pretreated). Example 5.3. Bioethanol from Sugarcane Bagasse
  • Dilute acid hydrolysis process
  • Power plant option. Example 5.4. Sequestration by dimethyl carbonate formation
  • 5.2 Study period, don't compare an apple and an orange. Example 5.5. Life-cycle cost of photocopier. Example 5.6. ED lighting
  • 5.3 Equivalent worth method. Example 5.7. Anti-allergic cream. Plan A, manual cartoning. Plan B, automatic cartoning
  • 5.4 Optimization. Example 5.8. Optimal number of effects in multiple effect evaporator
  • 5.5 Household finances. Example 5.8. Refinancing o.f Steve Gandhi. Example 5.9. Toyota national clearance
  • 5.6 Summary
  • 5.7 References.