Engineering Economy (14th Edition)

Engineering Economy (14th Edition) By E. Paul DeGarmo and William G. Sullivan (with Elin M. Wicks and C. Patrick Koelling)

Originally published in 1942 as Introduction to Engineering Economy by Woods and DeGarmo, over 60 years of continuous use encouraged successive authors to keep building on that original purpose: teaching the principles of engineering economy lucidly and rigorously. Used by more than 500,000 students worldwide, this best-selling text provides a sound understanding of the principles, basic concepts, and methodology of engineering economy, extensively revised and updated in each edition to reflect current trends and issues, with an emphasis on the economics of engineering design throughout. As the authors put it, a succinct job description for an engineer consists of just two words — problem solver — and this book frames engineering design decisions within the real business context they always exist in, rather than treating economics as an afterthought to technical design.

Topics commonly covered include:

• Cost concepts and the economic environment of engineering decisions

• Principles of money-time relationships (interest, present/future worth)

• Methods for comparing alternatives (present worth, annual worth, rate of return)

• Project evaluation using the benefit/cost ratio method

• Depreciation and income taxes

• Estimating cash flows and cost estimating

• Inflation and price-level changes

• Replacement analysis

• Probabilistic risk and decision-making under uncertainty

• Economics of engineering design

Key features:

• One of the oldest and most continuously published texts dealing exclusively with engineering economy

• Strong integration of design economics with core financial decision-making methods

• Ample worked examples and end-of-chapter problems throughout

• Appendices include interest and annuity tables, standardized normal distribution functions, and problem answers

• Companion website historically maintained to support course instruction

Perfect for:

• Undergraduate engineering students in an introductory engineering economics course

• Students from any engineering discipline needing a foundation in project financial evaluation

• Practicing engineers reviewing the basic principles of engineering economy

• Faculty teaching engineering design economics or capital project evaluation

Available at Prince Book Depot. Cash on Delivery available. Nationwide delivery across Pakistan.