Short description
This examination of the principles of engineering economics should be of benefit to undergraduate engineering students. It covers compound interest and the time value of money, depreciation and taxes. There is also a section on how to use this information to make real-life decisions.
Long description
Remarkable technological advances still have us basing most major engineering decisions on economic considerations. So, this clear and concise examination of the principles of engineering economics should benefit all undergraduate students, regardless of their area of interest. Students will learn about compound interest and the time value of money, depreciation and taxes and more, and then find out how to use this information to make real-life decisions. It also includes hundreds of practise problems with answers.