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Engineering Economics: Financial Decision Making for Engineers 6/e

+作者：

Fraser

+年份：

2017 年6 版

+ISBN：

9780133405538

+書號：

IE0264HC

+規格：

精裝/套色

+頁數：

552

+出版商：

+參考資訊：

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We have made the following important changes in the sixth edition:
●We have introduced a new segment in each chapter called Case-in-Point. Each Case-in-Point features a circumstance appropriate to the chapter material, and raises difficult and sometimes unanswerable questions. They provide an opportunity for the individual student to challenge their own thinking. They also are ideal material for initiating lively class discussions intended to enhance the students understanding of the core topics as well as broaden their perspectives generally.
●The material in Chapter 2 has been enriched with a section on Depreciation (formerly part of Chapter 6 in the previous edition). Depreciation is a practical and easy subject, and its inclusion helps balance the relatively dry basic principles and necessary fundamentals that otherwise form Chapter 2. This provides a prelude, and allows for the accommodation of the new material presented in Chapter 6.
●A completely new section has been added to Chapter 6 on Business Plans. Many engineers are now very interested in forming their own companies as a student or shortly after graduation. Comprehensive examples are provided in this chapter to assist students with the foundations for proposing and structuring viable business plans.
●Minor changes to all other chapters have been made to update and improve the overall flow and presentation of the material.

Special Features
We have created special features for this book in order to facilitate the learning of the material and an understanding of its applications:
●Engineering Economics in Action boxes near the beginning and end of each chapter recount the fictional experiences of a young engineer at a Canadian company. These vignettes reflect and support the chapter material. The first box in each chapter usually portrays one of the characters trying to deal with a practical problem. The second box demonstrates how the character has solved the problem by applying material discussed in the chapter above. All these vignettes are linked to form a narrative that runs throughout the book. The main character is Naomi, a recent engineering graduate. In the first chapter, she starts her job in the engineering department at Canadian Widgets and is given a decision problem by her supervisor. Over the course of the book, Naomi learns about engineering economics on the job. There are several other supporting characters, who relate to one another in various ways, exposing students to practical, ethical, and social issues as well as mathematical problems.
●Case-in-Point boxes present material relevant to the appropriate chapter. The issues raised can be difficult, curious, and possibly disquieting. There may be no obvious “right” answer or “correct” application of principals. Students are invited to challenge rigidity, and encouraged to exercise flexibility in their problem solving approaches. The questions posed are intended to be thought provoking, with the hope of inspiring lively classroom discussions, and perhaps reflective contemplation. Ideally the boxes will enrich the students’ understanding of the core topics and broaden their general perspectives.
●Close-Up boxes in the chapters present additional material about concepts that are important but not essential to the chapter.
●In each chapter, a Net Value box provides a chapter-specific example of how the internet can be used as a source of information and guidance for decision making.
●At the end of each chapter, a Canadian Mini-Case, complete with discussion questions, relates interesting stories about how familiar Canadian companies have used engineering economic principles in practice.

Canadian engineers have a unique set of circumstances that warrant a text with a specific Canadian focus. Canadian firms make decisions according to norms and standards that reflect Canadian views on social responsibility, environmental concerns, and cultural diversity. This perspective is reflected in the content and tone of much of the material in this book. Furthermore, Canadian tax regulations are complicated and directly affect engineering economic analysis.

This book also relates to students’ everyday lives. In addition to examples and problems with an engineering focus, there are a number of scenarios involving decisions that many students might face, such as renting an apartment, getting a job, or buying a car. Other references in the text are adapted from familiar sources such as Canadian newspapers and well-known Canadian companies.

Content and Organization

Chapter 1 frames the problem of engineering decision making as one involving many issues. Manipulating the cash flows associated with an engineering project is an important process for which useful mathematical tools exist. These tools form the bulk of the remaining chapters. However, throughout the text, students are continually reminded that the eventual decision depends not only on the cash flows, but also relies on less easily quantifiable considerations related to business policy, social responsibility, and ethics.
Chapters 2 and 3 present tools for manipulating monetary values over time. Chapter 2 also explains the idea of depreciation.
Chapters 4 and 5 show how students can use their knowledge of manipulating cash flows to make comparisons among alternative engineering projects.
Chapter 6 provides an understanding of the environment in which the decisions are made by focusing on two aspects of business. The first half of the chapter discusses financial accounting and the role of financial statements. The second half provides information about the uses of a business plan and how to write one.
Chapter 7 deals with the analysis of replacement decisions.
Chapters 8 and 9 are concerned with taxes and inflation, which affect decisions based on cash flows.
Chapter 10 provides an introduction to public sector decision making.
Chapter 11 presents the fundamentals of project management. It is intended to impart an appreciation of the phases that all engineering projects pass through, and to meet the requirements of the CEAB.

Additional Pedagogical Features

Each chapter begins with a list of the major sections to provide an overview of the material that follows.
Key terms are boldfaced where they are defined in the body of the text. For easy reference, all these terms are defined in a glossary near the back of the book.
Additional material is presented in chapter appendices at the ends of Chapters 3, 4, 6, 8, 9, and 12.
Numerous worked-out Examples are given throughout the chapters. Although the decisions have often been simplified for clarity, most of them are based on real situations encountered in the authors’ consulting experiences.
Worked-out Review Problems near the end of each chapter provide more complex examples that integrate the chapter material.
A concise prose Summary is given for each chapter.
Each chapter has 30 to 50 Problems of various levels of difficulty covering all of the material presented. Like the worked-out Examples, many of the problems have been adapted from real situations.
A spreadsheet icon like the one shown here indicates where Examples or Problems involve spreadsheets, which are available on the Companion Website.
Tables of Interest Factors are provided in Appendix A
Answers to Selected Problems are provided in Appendix B.
For convenience, a List of Symbols used in the book is given on the inside of the front cover, and a List of Formulas is given on the inside of the back cover.