Engineering economic analysis

著者

書誌事項

Engineering economic analysis

Donald G. Newnan, Jerome P. Lavelle, Ted G. Eschenbach

Oxford University Press, C2002

8th ed

大学図書館所蔵 件 / 3

この図書・雑誌をさがす

注記

Includes bibliographical references (p. 657-658) and index

内容説明・目次

内容説明

The eighth edition of "Engineering Economic Analysis", introduces the fundamental concepts of engineering economics. Written for standard engineering economics courses, this volume by Donald G. Newnan, Jerome P. Lavelle, and Ted G. Eschenbach covers the time value of money principles for engineering projects and isolates the problems and decisions engineers commonly face. It also examines the tools necessary to properly analyze and solve those problems. Revised in 2000, this edition focuses on the use of spreadsheets, teaching students to use the capabilities of modern software, rather than relying on spreadsheet templates. The majority of the chapters conclude with sections designed to help students create spreadsheets based on the material covered in each chapter. The book's organization gives professors the flexibility to omit spreadsheet instruction without loss of continuity (accommodating shorter courses) or to require that all computations be done with spreadsheets, thus preparing students to use this tool for real-life problems.

目次

  • COMPOUND INTEREST EQUATIONS
  • ECONOMIC CRITERIA
  • PREFACE
  • A SEA OF PROBLEMS
  • Simple Problems
  • Intermediate Problems
  • Complex Problems
  • THE ROLE OF ENGINEERING ECONOMIC ANALYSIS
  • Examples of Engineering Economic Analysis
  • THE DECISION-MAKING PROCESS
  • Rational Decision Making
  • Recognize Problem
  • Define the Goals
  • Assemble Relevant Data
  • Identify Feasible Alternatives
  • Select the Criterion
  • Construct a Model
  • Predict Each Alternative's Outcomes
  • Choose the Best Alternative
  • Audit the Results
  • ENGINEERING DECISION MAKING
  • ENGINEERING COSTS
  • Fixed, Variable, Marginal, and Average Costs
  • Sunk Costs
  • Opportunity Costs
  • Recurring and Non-recurring Costs
  • Incremental Costs
  • Cash Costs versus Book Costs
  • Life-cycle Costs
  • COST ESTIMATING
  • Types of Estimates
  • Difficulties in Estimation
  • One-of-a-kind Estimates
  • Time and Effort Available
  • Estimator Expertise
  • ESTIMATING MODELS
  • Per Unit Model
  • Segmenting Model
  • Cost Indexes
  • Power Sizing Model
  • Triangulation
  • Improvement and the Learning Curve
  • ESTIMATING BENEFITS
  • CASH FLOW DIAGRAMS
  • Categories of Cash Flows
  • Drawing a Cash Flow Diagram
  • Drawing Cash Flow Diagrams with a Spreadsheet
  • COMPUTING CASH FLOWS
  • TIME VALUE OF MONEY
  • SIMPLE INTEREST
  • Repaying a Dept
  • EQUIVALENCE
  • Difference in Repayment Plans
  • Equivalence is Dependent on Interest Rate
  • Application of Equivalence Calculations
  • SINGLE PAYMENT COMPOUND INTEREST FORMULAS
  • UNIFORM SERIES COMPOUND INTEREST FORMULAS
  • RELATIONSHIPS BETWEEN COMPOUND INTEREST FACTORS
  • Single Payment
  • Uniform Series
  • ARITHMETIC GRADIENT
  • Derivation of Arithmetic Gradient Factors
  • GEOMETRIC GRADIENT
  • NOMINAL AND EFFECTIVE INTEREST
  • CONTINUOUS COMPOUNDING
  • Single Payment Interest Factors
  • Uniform Payment Series
  • Continuous, Uniform Cash Flow
  • SPREADSHEETS FOR ECONOMIC ANALYSIS
  • Spreadsheet Annuity Functions
  • Spreadsheet Block Functions
  • Basic Graphin Using Spreadsheets
  • ECONOMIC CRITERIA
  • APPLYING PRESENT WORTH TECHNIQUES
  • Useful Lives Equal the Analysis Period
  • Net Present Worth
  • Useful Lives Different from the Analyis Period
  • Infinite Analysis Period--Capitalized Cost
  • Multiple Alternatives
  • ASSUMPTIONS IN SOLVING ECONOMIC ANALYSIS PROBLEMS
  • End-of-year Convention
  • Viewpoint of Economic Analysis Studies
  • Sunk Costs
  • Borrowed Money Viewpoint
  • Effect of Inflation and Deflation
  • Income Taxes
  • Spreadsheets and Present Worth
  • ANNUAL CASH FLOW CALCULATIONS
  • Resolving a Present Cost to an Annual Cost
  • Treatment of Salvage Value
  • ANNUAL CASH FLOW ANALYSIS
  • ANALYSIS PERIOD
  • Analysis Period Equal to Alternative Lives
  • Analysis Period a Common Multiple of Alternative Lives
  • Analysis Period for a Continuing Requirement
  • Infinite Analysis Period
  • Some Other Analysis Period
  • USING SPREADSHEETS TO ANALYZE LOANS
  • Building an Amortization Schedule
  • How Much to Interest? How much to Principal?
  • Finding the Balance Due on a Loan
  • Payoff Debt Sooner by Increasing Payments
  • INTERNAL RATE OF RETURN
  • CALCULATING RATE OF RETURN
  • Plot of NPW vs. Interest Rate ir
  • RATE OF RETURN ANALYSIS
  • ANALYSIS PERIOD SPREADSHEETS AND RATE OF RETURN ANALYSIS
  • Converting a Cash Flow to a Mathematical Equation
  • CASH FLOW RULE OF SIGNS
  • Zero Sign Changes
  • One Sign Change
  • Two or More Sign Changes
  • What the Difficulties Mean
  • EXTERNAL INTEREST RATE
  • Resolving Multiple Rate of Return Problems
  • A Further Look at the the Computation of Rate of Return
  • GRAPHICAL SOLUTIONS
  • INCREMENTAL RATE OF RETURN ANALYSIS
  • ELEMENTS IN INCREMENTAL RATE OF RETURN ANALYSIS
  • Incremental Analysis Where There are Unlimited Alternatives
  • PRESENT WORTH ANALYSIS WITH BENEFIT-COST GRAPHS
  • CHOOSING AN ANALYSIS METHOD
  • SPREADSHEETS AND INCREMENTAL ANALYSIS
  • FUTURE WORTH ANALYSIS
  • BENEFIT-COST RATIO ANALYSIS
  • Continuous Alternatives
  • PAYBACK PERIOD
  • SENSITIVITY AND BREAKEVEN ANALYSIS
  • GRAPHING WITH SPREADSHEETS FOR SENSITIVITY AND BREAKEVEN ANALYSIS
  • BASIC ASPECTS OF DEPRECIATION
  • Deterioration and Osolescence
  • Depreciation and Expenses
  • Types of Property
  • Depreciation Calculation Fundamentals
  • HISTORICAL DEPRECIATION METHODS
  • Straight Line Depreciation
  • Sum-of-Years Digits Depreciation
  • Declining Balance Depreciation
  • MODIFIED ACCELERATED COST RECOVERY SYSTEM (MACRS)
  • Cost Basis and Placed in Service Date
  • Property Class and Recovery Period
  • Percentage Tables
  • Where MACRS Percentage Rates Come From
  • MACRS Method Examples
  • Comparing MACRS and Historical Methods
  • DEPRECIATION AND ASSET DISPOSAL
  • UNIT OF PRODUCTION DEPRECIATION
  • DEPLETION
  • Cost Depletion
  • Percentage Depletion
  • SPREADSHEETS AND DEPRECIATION
  • A PARTNER IN THE BUSINESS
  • CALCULATION OF TAXABLE INCOME
  • Taxable Income of Individuals
  • Classification of Business Expenditures
  • Taxable Income of Business Firms
  • INCOME TAX RATES
  • Individual Tax Rates
  • Corporate Tax Rates
  • Combined Federal and State Income Taxes
  • Selecting an Income Tax Rate for Economic Studies
  • ECONOMIC ANALYSIS TAKING INCOME TAXES INTO ACCOUNT
  • CAPITAL GAINS AND LOSSES FOR NON-DEPRECIATED ASSETS
  • Investment Tax Credit
  • ESTIMATING THE AFTER-TAX RATE OF RETURN
  • AFTER-TAX CASH FLOWS AND SPREADSHEETS
  • THE REPLACEMENT PROBLEM
  • REPLACEMENT ANALYSIS DECISION MAP
  • WHAT IS THE BASIC COMPARISON?
  • Minimum Cost Life of the Challenger
  • Use of Marginal Cost Data
  • Replacement Analysis Technique no.1
  • Minimum Cost Life of the Defender
  • Replacement Analysis Technique no.2
  • No Defender Marginal Cost Data Available
  • Replacement Analysis Technique no.3
  • Repeatability Assumptions Not Acceptable
  • A Closer Look at Future Challengers
  • AFTER-TAX REPLACEMENT ANALYSIS
  • Marginal Costs on an After-Tax Basis
  • After-Tax Cash Flows for the Challenger
  • After-Tax Cash Flows for the Defender
  • Minimum Cost Life Problems
  • SPREADSHEETS AND AFTER-TAX REPLACEMENT ANALYSIS
  • MEANING AND EFFECT OF INFLATION
  • How Does Inflation Happen?
  • Definitions for Considering Inflation in Engineering Economy
  • CONSTANT DOLLAR VERSUS THEN-CURRENT DOLLAR ANALYSIS
  • PRICE CHANGE WITH INDEXES
  • What is a Price Index?
  • Composit Versus Commodity Indexes
  • How to Use Price Indexes in Engineering Economic Analysis
  • CASH FLOWS THAT INFLATE AT DIFFERENT RATES
  • DIFFERENT INFLATION RATES PER PERIOD
  • INFLATION EFFECT ON AFTER-TAX CALCULATIONS
  • USING SPREADSHEETS FOR INFLATION CALCULATIONS
  • PRECISE ESTIMATES
  • A RANGE OF ESTIMATES
  • PROBABILITY AND RISK
  • EXPECTED VALUE
  • DISTRIBUTION OF OUTCOMES
  • Uniform Distribution
  • Normal Distribution
  • Sampling from Any Distribution Using Random Numbers
  • SIMULATION
  • Simulation with Spreadsheets
  • SOURCES OF CAPITAL
  • Money Generated from the Operation of the Firm
  • External Sources of Money
  • Choice of Source of Funds
  • COST OF FUNDS
  • Cost of Borrowed Money, Cost of Capital
  • INVESTMENT OPPORTUNITIES
  • Opportunity Cost
  • SELECTING A MINIMUM ATTRACTIVE RATE OF RETURN
  • ADJUSTING MARR TO ACCOUNT FOR RISK AND UNCERTAINTY
  • Inflation and the Cost of Borrowed Money
  • REPRESENTATIVE VALUES OF MARR USED IN INDUSTRY
  • SPREADSHEETS, CUMULATIVE INVESTMENTS, AND THE OPPORTUNITY COST OF CAPITAL
  • INVESTMENT OBJECTIVE
  • VIEWPOINT FOR ANALYSIS
  • SELECTNG AN INTEREST RATE
  • THE BENEFIT-COST RATIO
  • INCREMENTAL BENEFIT-COST ANALYSIS
  • Elements of the Incremental Benefit-Cost Ratio Method
  • OTHER EFFECTS OF PUBLIC PROJECTS
  • Project Financing
  • Project Duration
  • Project Politics
  • CAPITAL EXPENDITURE PROJECT PROPOSALS
  • Mutually Exclusive Altervatives and Single Project Proposals
  • Identifying and Rejecting Unattractive Alternatives
  • Selecting the Best Alternative from Each Project Proposal
  • RATIONING CAPITAL BY RATE OF RETURN
  • Significance of the Cutoff Rate of Return
  • RATIONING CAPITAL BY PRESENT WORTH METHODS
  • RANKING PROJECT PROPOSALS
  • CASH FLOW SITUATIONS
  • ANALYSIS OF A CASH FLOW AS AN INVESTMENT SITUATION
  • Cash Flow Rule of Signs
  • Accumulated Cash Flow Sign Test
  • Algebraic Sum of the Cash Flow
  • Net Investment Conditions
  • Application of the Four Test of a Cash Flow
  • REFERENCES
  • INDEX
  • COMPOUND INTEREST TABLES
  • (Each chapter ends with a Summary section and a Problems section)

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詳細情報

  • NII書誌ID(NCID)
    BA53576641
  • ISBN
    • 0195151526
  • 出版国コード
    us
  • タイトル言語コード
    eng
  • 本文言語コード
    eng
  • 出版地
    New York
  • ページ数/冊数
    x, 694 p.
  • 大きさ
    24 cm
  • 分類
  • 件名
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