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Engineering Economy and the Decision-making Process

Engineering Economy and the Decision-making Process
Author: Joseph C. Hartman
Publisher: Prentice Hall
Total Pages: 0
Release: 2007
Genre: Decision making
ISBN: 9780131424012

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For undergraduate, introductory courses in Engineering Economics. This text presents engineering economy in the context of a decision-making framework such that the student understands the necessary tools and their application. It begins with an introduction to the basics of engineering economy (interest, time-value-of-money, and equivalence), then explores the entire decision-making process, from defining the problem through post-implementation analysis, just as one would when building a case for management in order to make a capital investment decision.


Engineering Economics and Economic Design for Process Engineers

Engineering Economics and Economic Design for Process Engineers
Author: Thane Brown
Publisher: CRC Press
Total Pages: 370
Release: 2016-04-19
Genre: Science
ISBN: 1420008102

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Engineers often find themselves tasked with the difficult challenge of developing a design that is both technically and economically feasible. A sharply focused, how-to book, Engineering Economics and Economic Design for Process Engineers provides the tools and methods to resolve design and economic issues. It helps you integrate technical a


Decision Making in Engineering Design

Decision Making in Engineering Design
Author: Kemper E. Lewis
Publisher: American Society of Mechanical Engineers
Total Pages: 360
Release: 2006
Genre: Technology & Engineering
ISBN:

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Whether you are an engineer facing decisions in product design, an instructor or student engaged in course work, or a researcher exploring new options and opportunities, you can turn to Decision Making in Engineering Design for: Foundations and fundamentals of making decisions in product design; Clear examples of effective application of Decision-Based Design; State-of-the-art theory and practice in Decision-Based Design; Thoughtful insights on validation, uncertainty, preferences, distributed design, demand modeling, and other issues; End-of-chapter exercise problems to facilitate learning. With this advanced text, you become current with research results on DBD developed since the inception of The Open Workshop on Decision-Based Design, a project funded by the National Science Foundation.


Managerial and Engineering Economy

Managerial and Engineering Economy
Author: George Albert Taylor
Publisher: New Jersey : Van Nostrand Reinhold
Total Pages: 522
Release: 1964
Genre: Decision-making
ISBN:

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Fundamentals of Engineering Economics and Decision Analysis

Fundamentals of Engineering Economics and Decision Analysis
Author: David Whitman
Publisher: Morgan & Claypool Publishers
Total Pages: 219
Release: 2012
Genre: Business & Economics
ISBN: 1608458644

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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


Engineering Managerial Economic Decision and Risk Analysis

Engineering Managerial Economic Decision and Risk Analysis
Author: Teddy Steven Cotter
Publisher: Springer Nature
Total Pages: 490
Release: 2021-11-18
Genre: Technology & Engineering
ISBN: 3030877671

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This book directs the engineering manager or the undergraduate student preparing to become an engineering manager, who is or will become actively engaged in the management of economic-risk trade-off decisions for engineering investments within an organizational system. In today’s global economy, this may mean managing the economic risks of engineering investments across national boundaries in international organizations, government, or service organizations. As such, this is an applied book. The book’s goal is to provide an easy to understand, up to date, and coherent treatment of the management of the economic-risk trade-offs of engineering investments. This book accomplishes this goal by cumulatively sequencing knowledge content from foundational economic and accounting concepts to cost estimating to the traditional engineering economics knowledge culminating in fundamental engineering managerial economic decision-making incorporating risk into engineering management economic decisions.


Engineering Economics

Engineering Economics
Author: Niall M. Fraser
Publisher: Pearson Education Canada
Total Pages: 553
Release: 2012-06-27
Genre: Technology & Engineering
ISBN: 0133085686

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Engineering Economics: Financial Decision Making for Engineers is designed for teaching a course on engineering economics to match engineering practice today. It recognizes the role of the engineer as a decision maker who has to make and defend sensible decisions. Such decisions must not only take into account a correct assessment of costs and benefits, they must also reflect an understanding of the environment in which the decisions are made. The 5th edition has new material on project management in order to adhere to the CEAB guidelines as well the new edition will have a new spreadsheet feature throughout the text. The Companion Website is not included with the purchase of this product.


Advanced Engineering Economics

Advanced Engineering Economics
Author: Chan S. Park
Publisher: John Wiley & Sons
Total Pages: 80
Release: 2021-06-02
Genre: Technology & Engineering
ISBN: 1119691966

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Advanced Engineering Economics, Second Edition, provides an integrated framework for understanding and applying project evaluation and selection concepts that are critical to making informed individual, corporate, and public investment decisions. Grounded in the foundational principles of economic analysis, this well-regarded reference describes a comprehensive range of central topics, from basic concepts such as accounting income and cash flow, to more advanced techniques including deterministic capital budgeting, risk simulation, and decision tree analysis. Fully updated throughout, the second edition retains the structure of its previous iteration, covering basic economic concepts and techniques, deterministic and stochastic analysis, and special topics in engineering economics analysis. New and expanded chapters examine the use of transform techniques in cash flow modeling, procedures for replacement analysis, the evaluation of public investments, corporate taxation, utility theory, and more. Now available as interactive eBook, this classic volume is essential reading for both students and practitioners in fields including engineering, business and economics, operations research, and systems analysis.