Engineering Economics for the 21st Century

Provides a modern presentation that eliminates the seven limitations of past and present engineering economics texts: Contains the12-FACTORCalculator, an Excel spreadsheet designed by author to provide the values of the 12 factors of engineering economics forarbitraryvalues ofi,g( ), andN Contains theANNUALandPRESENT WORTH COMPARISON Calculators with Component Replacementsforcomparing 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 thesameinvestment: pretax IRR, aftertax IRR, aftertax sensitivity analysis, net present value, accounting rate of return, benefit-cost ratio, and payback period