Engineering Economics for the 21st Century

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