Engineering economy Book PDF

Engineering economy deals with the evaluation of systems, products, and services in relationship to their costs.

Engineering Economy

Engineering Economy PDF is intended as an introductory course for undergraduate students and explains and demonstrates the principles and techniques of engineering analysis as applied in different areas of engineering.

The engineering economics fundamentals of this book have been reviewed and explained in eight chapters to enable the reader to make the necessary decision about any new investment or project taking into account both time and cost value. The money that flows at different times with different amounts and the equivalent at different rates of interest. The techniques covered in the book form the basis of the economic decision for the engineer by discussing and explaining the various techniques that are common in all economic calculations, introduced and applied with various examples and case studies.

Engineers must be recognized for their economic credibility so that they can manage their resources to help them build their own businesses. The fundamentals of this book on the economics of engineering are covered and explained in eight chapters so that the reader can make the necessary decisions about any new investment or project, taking into account the cost of time and money. Money flows at different times with different amounts and equivalents with different interest rates. The methods described in the book form the basis for the economic decision of the engineer by discussing and explaining the various methods commonly used in all economic calculations and the engineering designs to be presented and applied with various examples and case studies. Because a combination of these techniques helps to transfer monetary values ​​back and forth over time and at different interest rates. This helps to make the right economic decision. This book is divided into 8 chapters: 

Chapter 1: Includes the money-time relationship with equations and the pay relationship formula, which is explained in many solved examples. 

Chapter 2: Presents economic comparison methods such as the present value method (PC), the net present value method (NPW), and the annual value method. 

Chapter 3: Explains economic comparison techniques such as rate of return, equilibrium value analysis (B.E.A), and payback period analysis. 

Chapter 4: Depreciation types are discussed such as the Straight Line (SL) method, the sum of integers, the book value reduction method, and the maturity fund method. 

Chapter 5: Provides an understanding of the impact of inflation, be it the effect of inflation on present value or the effect of inflation on future value.