Engineering Economic Analysis

This book is absolutely great and a perfect tool to learn this stuff. [Positives] So what I loved about this book is that it walks you through each step to understand all the concepts. It explains interest, how it's calculated, and the rational behind why money received now is worth more than money received in the future, etc. The author derives each formula, gives examples of how they are used in the real world, and explains the practical significance of why those formulas are being used. In other words, the authors assume you are a complete newbie to this information and walk you through the concepts in a logical fashion until you are a pro by the end of the book, and that is exactly what I wanted and needed. I read every single page and did every single example, even if I thought some concepts might not be relevant for my purpose (like government application of benefit/cost ratios) simply because I enjoyed learning the material and how it was presented. Some books present information in a dry, bland way, and say things only once to save space (the reader can always go back and read), but I've found that important information can "fly over the head" of a new reader who is reading a subject for the first time. This book feels like the authors are speaking directly to you in an informal way, which I think helps most people understand and retain the information better. There are many many examples in each chapter, multiple examples for the same concept, and examples for alternative methods of solving the same problem. I hate it when a book shows you how to solve an easy problem and then expects you to solve much harder problems on your own. This book does not do that. Examples start easy and continue to show how to solve more complicated problems. Some examples even have a section explaining common mistakes that a person might make (for example, there was more than one example problem in which the author shared that "most students might think to use equation A in this problem, but equation B is the one to use. This is why..."). I think not enough textbooks do this! [Negatives] I got the twelfth edition, and I will say there are a handful of typos. Some example problems state a certain value and then the solution uses a different value. Some examples incorrectly refer back to previous example problems (although it's easy to figure out which example the authors really meant, they are usually 1 or 2 pages away.) And sometimes a formula is incorrectly used in an example due to a typo (even though it's the correct formula to use). For me, it was easy to work around or correct the typos in doing the problems. There are only a handful of them and will probably be corrected if you get a later edition. All pages dedicated to formulas and tables in the back of the book and all that stuff were 100% correct. So I definitely recommend this book. In fact, I initially rented this book, but then decided to keep it (that's why my pictures show the amazon rental sticker). Twelfth edition chapters: 1 Making Economic Decisions 2 Estimating Engineering Costs and Benefits 3 Interest and Equivalence 4 Equivalence for Repeated Cash Flows 5 Present Worth Analysis 6 Annual Cash Flow Analysis 7 Rate of Return Analysis 8 Choosing the Best Alternative 9 Other Analysis Techniques 10 Uncertainty in Future Events 11 Depreciation (I just want to give a shout-out to this chapter on depreciation. Super great. Goes through straight-line, DB, DDB, SOYD, ACRS, and MARCS methods. Many tables. Many examples. And the authors give space to explain the RATIONALE behind each method, even comparing them to each other.) 12 Income Taxes for Corporations 13 Replacement Analysis 14 Inflation and Price Change 15 Selection of a Minimum Attractive Rate of Return 16 Economic Analysis in the Public Sector 17 Accounting and Engineering Economy

A thorough handling on Engineering Economics. The book provides a very simplistic and thoughtful approach to the subject; which is great if one is new to the subject. It also is instructive on using a financial calculator or spreadsheet in performing the calculations. This is a very helpful book and a great reference to have once your class is over. The service was even better. I told them on a Thursday that I needed the book by Monday, to complete a class assignment the following week - and they delivered (with the book in great shape)! I cannot recommend this vendor enough! Five Stars.

one of the best resource book for about economic analysis in engineering

The cost of the paperback Indian version is perfect and should be a model for all text books. I have a difficult time understanding the examples but the text and explanations are helpful and clear. The paperback is in black and white but personally that doesn't affect anything.

There's a slit on the spine of the book. It makes me nervous using this book, I don't want it to fall apart and have to pay for it.

This was a great read and it helped me survive my engineering economy course. my professor always had many jokes they were extra funny once I started reading the book.

Text was in fantastic condition, without it I would not have gotten an A in Engineering Economics.

This book made my course 12x easier. There are many worked out problems in the book that are easy to follow. +1 for having such a high re-sale value