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Fundamentals of Engineering Economics and Decision Analysis [Minkštas viršelis]

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  • Formatas: Paperback / softback, 219 pages, aukštis x plotis: 235x187 mm
  • Serija: Synthesis Lectures on Engineering
  • Išleidimo metai: 30-Jun-2012
  • Leidėjas: Morgan & Claypool Publishers
  • ISBN-10: 1608458644
  • ISBN-13: 9781608458646
Kitos knygos pagal šią temą:
Fundamentals of Engineering Economics and Decision AnalysisDidesnis paveikslėlis
  • Formatas: Paperback / softback, 219 pages, aukštis x plotis: 235x187 mm
  • Serija: Synthesis Lectures on Engineering
  • Išleidimo metai: 30-Jun-2012
  • Leidėjas: Morgan & Claypool Publishers
  • ISBN-10: 1608458644
  • ISBN-13: 9781608458646
Kitos knygos pagal šią temą:
Pastovi nuoroda: https://www.kriso.lt/db/9781608458646.html
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.
Preface xiii
1 Introduction
1(2)
1.1 Engineering Economics
1(1)
1.1.1 Basic Engineering Economics
1(1)
1.1.2 Risk Analysis
1(1)
1.2 Decision Analysis
1(1)
1.3 Fundamentals of Engineering Exam
2(1)
2 Interest and the Time Value of Money
3(22)
2.1 Time Value of Money
3(1)
2.2 Sources of Capital
3(1)
2.3 Interest Concepts
4(2)
2.3.1 Simple Interest
4(1)
2.3.2 Compound Interest
4(1)
2.3.3 Nominal, Effective, and Continuous Interest Rates
5(1)
2.4 Cash Flow Diagrams
6(2)
2.5 Interest Formulas for Discrete Compounding
8(11)
2.5.1 Single Payments
9(1)
2.5.2 Uniform Series (Annuities)
10(1)
2.5.3 Uniform Gradient
11(2)
2.5.4 The use of Financial Functions in Excel®
13(2)
2.5.5 Example Problems
15(4)
2.6 Interest Formulas for Continuous Compounding
19(1)
2.6.1 Continuous Compounding for Discrete Payments
19(1)
2.6.2 Continuous Compounding for Continuous Payments
19(1)
2.7 Problems
20(5)
3 Project Evaluation Methods
25(24)
3.1 Introduction
25(1)
3.2 Alternate Uses of Capital
26(1)
3.3 Minimum Acceptable Rate of Return (MARR)
26(1)
3.4 Equivalence Methods
27(1)
3.5 Net Present Value
27(4)
3.5.1 Analysis of a Single Investment Opportunity
27(2)
3.5.2 Do Nothing Project
29(1)
3.5.3 Analysis of Multiple Investment Opportunities
30(1)
3.6 Rate of Return Methods
31(6)
3.6.1 Internal Rate of Return (IRR)
31(2)
3.6.2 Spreadsheet Formula for IRR
33(1)
3.6.3 External Rate of Return (ERR)
34(3)
3.6.4 Spreadsheet Formula for ERR
37(1)
3.7 The Reinvestment Question in Rate of Return Calculations
37(4)
3.7.1 Perception #1
39(1)
3.7.2 Perception #2
40(1)
3.7.3 Final Comments on ERR and IRR Relationships
41(1)
3.8 Acceleration Projects
41(3)
3.9 Payout
44(2)
3.10 Problems
46(3)
4 Service Producing Investments
49(12)
4.1 Introduction
49(1)
4.2 Equal Life Alternatives
49(5)
4.2.1 Equivalence Techniques
49(1)
4.2.2 Rate of Return Methods
50(4)
4.3 Unequal Life Alternatives
54(3)
4.3.1 Least Common Multiple Method
54(1)
4.3.2 Common Study Period
55(2)
4.4 Problems
57(4)
5 Income Producing Investments
61(26)
5.1 Introduction
61(1)
5.2 Investment in a Single Project
61(1)
5.3 Mutually Exclusive Alternatives
62(10)
5.3.1 Equivalence Techniques
62(2)
5.3.2 Rate of Return Techniques
64(6)
5.3.3 Using Excel®
70(2)
5.4 Unequal Life Alternatives
72(3)
5.5 Independent and Contingent Investments
75(4)
5.5.1 Independent Investments
75(1)
5.5.2 Contingent Investments
75(2)
5.5.3 Limited Investment Capital
77(2)
5.6 Ranking Alternatives
79(4)
5.7 Problems
83(4)
6 Determination of Project Cash Flow
87(34)
6.1 Introduction
87(1)
6.2 Escalation and Inflation
87(7)
6.3 Depreciation
94(12)
6.3.1 Straight-Line Depreciation (SL)
95(1)
6.3.2 Declining-Balance Depreciation
96(1)
6.3.3 Sum-of-the-Years-Digits (SYD) Depreciation
97(5)
6.3.4 Modified Accelerated Cost Recovery System (MACRS)
102(4)
6.4 Cash Flow Computation
106(9)
6.4.1 Capital Investment
106(1)
6.4.2 Gross Revenue
107(1)
6.4.3 Operating Expenses
107(1)
6.4.4 Before-Tax Profit Computation
107(1)
6.4.5 Before-Tax Cash Flow Computation
107(1)
6.4.6 Depreciation
108(1)
6.4.7 Taxable Income
109(1)
6.4.8 State and Federal Income Tax
109(1)
6.4.9 Net Profit
110(1)
6.4.10 Cash Flow
110(5)
6.5 Problems
115(6)
7 Financial Leverage
121(14)
7.1 Introduction
121(1)
7.2 Financial Leverage and Associated Risk
121(1)
7.3 Adjustment to Cash Flow Equations
121(13)
7.3.1 Leverage and Mutually Exclusive Projects
132(1)
7.3.2 Excel® Spreadsheet
132(2)
7.4 Problems
134(1)
8 Basic Statistics and Probability
135(36)
8.1 Introduction
135(1)
8.2 Statistics
135(14)
8.2.1 Measures of Central Tendency
135(4)
8.2.2 Measures of Dispersion
139(3)
8.2.3 Frequency Distributions
142(4)
8.2.4 Relative Frequency Distribution
146(3)
8.3 Probability
149(19)
8.3.1 Classical Definition
149(2)
8.3.2 Relative Frequency Definition
151(1)
8.3.3 Subjective Definition
151(1)
8.3.4 Probability Distributions
151(17)
8.4 Problems
168(3)
9 Sensitivity Analysis
171(18)
9.1 Introduction
171(16)
9.1.1 Range Approach
171(4)
9.1.2 Monte Carlo Simulation
175(12)
9.2 Problems
187(2)
A Compound Interest Factors 189(16)
Authors' Biographies 205