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Paul Marnell

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Beschreibung

Provides a modern presentation that eliminates the seven limitations of past and present engineering economics texts: * Contains the 12-FACTOR Calculator, an Excel spreadsheet designed by author to provide the values of the 12 factors of engineering economics for arbitrary values of i, g ( ), and N * Contains the ANNUAL and PRESENT WORTH COMPARISON Calculators with Component Replacements forcomparing equipment purchase quotations * Defines quasi-simple investments and presents a Step-by-Step procedure for calculating their IRRs and balances * Presents a classification of the four common non-simple investments and provides Step-by-Step procedures for calculating their IRRs and balances * Compares the different profitability measures for the same investment: pretax IRR, aftertax IRR, aftertax sensitivity analysis, net present value, accounting rate of return, benefit-cost ratio, and payback period

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Veröffentlichungsjahr: 2016

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Engineering Economics for the 21st Century

Paul MarnellManhattan College

Copyright © 2016 by John Wiley & Sons, Inc. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada.

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 750-4470, or on the web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permission.

Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

For general information on our other products and services or for technical support, please contact our Customer Care Department within the United States at (800) 762-2974, outside the United States at (317) 572-3993 or fax (317) 572-4002.

Wiley also publishes its books in a variety of electronic formats. Some content that appears in print may not be available in electronic format. For information about Wiley products, visit our web site at www.wiley.com.

Library of Congress Cataloging-in-Publication Data is available.

ISBN: 978-1-118-92903-2

CONTENTS

Preface

1: Overview of Engineering Economics

1.1 Why Study Engineering Economics?

1.2 Text Objectives

2: Foundation of Engineering Economics

2.1 Loan Elements

2.2 Cash Flows

2.3 Fundamental Repayment Equation

2.4 Worth, Factors & Equivalence

2.5 General Repayment Equation (GRE)

2.6 Uniform Series Factors & Uniform Worth Factors of a Cash Flow

2.7 Gradient Series Factors

2.8 Geometric Gradient Series Factors

2.9 Rate of Return of a Simple Investment

2.10 Calculating the IRR% with Excel

2.11 Classification of the Examples

2.12 Developing the

12-FACTOR Calculator

2.13 Summary

2.14 Problems

3: Intermediate Balances and Other Interest Rates & Series

3.1 Intermediate Balances

3.2 Other Interest Rates

3.3 Composite Series

3.4 Summary

3.5 Problems

4: Annual Worth Comparisons

4.1 Introduction

4.2 Specified Service Time

4.3 Indefinite Service Time

4.4 Other Cost Alternatives

4.5 Perpetual Service Time

4.6 Annual Worth Investment Calculations

4.7 Summary

4.8 Problems

5: Present Worth Comparisons

5.1 Specified Service Time

5.2 Other Capacity Alternatives

5.3 Perpetual Service Time

5.4 Present Worth Investment Calculations

5.5 Choosing Worth Calculation Methods

5.6 Summary

5.7 Problems

6: Simple and Quasi-Simple Investments

6.1 Simple Investments: A Quick Review

6.2 IRR% of a Manufacturing Plant Investment & End-of-Year Convention

6.3 Simple Cost Reduction Investments

6.4 Multi-Simple Investments

6.5 Creating a Polynomial Root Finder in

Mathematica

6.6 Incremental Investment Criterion

6.7 Summary

6.8 Problems

7: Non-Simple Investments

7.1 Five Fundamental Properties of Simple & Quasi-Simple Investments

7.2 Down Payment Investments

7.3 Termination Investments

7.4 Down Payment&Termination Investments

7.5 Bi-Simple & Tri-Simple Investments

7.6 Summary

7.7 Problems

8: Mutually Exclusive Investments

8.1 Comparing Two Simple Mutually Exclusive Investments

8.2 Comparing Three or More Mutually Exclusive Investments

8.3 Equal Initial Cash Flows

8.4 Summary

8.5 Problems

9: Aftertax IRR%

9.1 Income Taxes & Depreciation

9.2 MACRS Depreciation

9.3 Start-Up Cost & Time

9.4 Straight Line Depreciation

9.5 Book Depreciation Methods

9.6 Brief History Of U.S. Tax Laws

9.7 Summary

9.8 Problems

10: Sensitivity Analysis

10.1 Creating an IRR% Sensitivity Table

10.2 Staged Construction & Break-Even Point

10.3 Summary

10.4 Problems

11: Other Profitability Measures

11.1 Net Present Value

11.2 Accounting Rate of Return

(ARR)

11.3 Benefit-Cost Ratio

11.4 Payback Period

11.5 Investment Information Package

11.6 Summary

11.7 Problems

Index

EULA

List of Tables

Chapter 2

Table 2.1

Table 2.2

Table 2.3

Table 2.4

Table 2.5

Table 2.6

Table 2.7

Table 2.8

Chapter 3

Table 3.1

Table 3.2

Table 3.3

Table 3.4

Chapter 4

Table 4.1

Table 4.2

Table 4.3

Table 4.4

Table 4.5

Table 4.6

Table 4.7

Table 4.8

Table 4.9

Table 4.10

Table 4.11

Table 4.12

Table 4.13

Table 4.14

Table 4.15

Table 4.16

Table 4.17

Table 4.18

Table 4.19

Table 4.20

Table 4.21

Chapter 5

Table 5.1

Table 5.2

Table 5.3

Table 5.4

Table 5.5

Table 5.6

Table 5.7

Table 5.8

Table 5.9

Table 5.10

Chapter 6

Table 6.1

Table 6.2

Chapter 7

Table 7.1

Chapter 8

Table 8.1

Table 8.2

Table 8.3

Table 8.4

Table 8.6

Chapter 9

Table 9.1

Table 9.2

Table 9.3

Table 9.4

Guide

Cover

Table of Contents

Preface

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Preface

Rational for the Book

Since there is a plethora of texts on engineering economics, why did I choose to write one? An historical perspective provides the answer. Eugene L. Grant wrote the first edition of his pioneering text on engineering economics in 1931, a time when engineers and students had modest mathematics training and computational tools that were limited to slide rules and tables of mathematical functions and engineering economics factors. In the ensuing years numerous texts on the subject have appeared, but the expositions in current engineering economics texts only differ from Grant's last edition in 1990 by the inclusion of topics from managerial economics.

Lesen Sie weiter in der vollständigen Ausgabe!

Lesen Sie weiter in der vollständigen Ausgabe!

Lesen Sie weiter in der vollständigen Ausgabe!

Lesen Sie weiter in der vollständigen Ausgabe!

Lesen Sie weiter in der vollständigen Ausgabe!

Lesen Sie weiter in der vollständigen Ausgabe!

Lesen Sie weiter in der vollständigen Ausgabe!

Lesen Sie weiter in der vollständigen Ausgabe!

Lesen Sie weiter in der vollständigen Ausgabe!

Lesen Sie weiter in der vollständigen Ausgabe!

Lesen Sie weiter in der vollständigen Ausgabe!

Lesen Sie weiter in der vollständigen Ausgabe!

Lesen Sie weiter in der vollständigen Ausgabe!