Engineering Economic Analysis, 14th Edition by Don Newnan, Ted Eschenbach, Jerome Lavelle, and Neal Lewis follows the same successful format as previous editions. This book features one of the most comprehensive lists of problems in the market today and offers worked-out solutions to all problems in each chapter. As with previous editions, this text focuses on the economic analysis portion of engineering design to teach students how to incorporate economic considerations into their projects from the start.
Overview About “Engineering Economic Analysis 14th Edition”
Engineering Economic Analysis provides a comprehensive overview of important issues in engineering economics, including cash flow and cost estimation; project planning and scheduling; cost-benefit analysis and risk management; pre-construction estimating, scheduling and procurement planning; post-delivery evaluation of alternatives; construction alternatives and strategies for controlling costs during construction. The text is organized into ten chapters that cover all aspects of engineering economic analysis: basic concepts in project scheduling, estimating, and budgeting for construction projects are also covered. Case studies are included to illustrate how economic principles can be applied to real situations. Each chapter ends with exercises designed to help students understand key concepts presented in each chapter.
Reviews About “Engineering Economic Analysis 14th Edition”
This book provides a complete overview of all major aspects related to engineering economics, from planning to cost estimation and project financing. The authors cover financial analysis using NPV, IRR, payback period and similar techniques for evaluating capital projects; costs for materials and labor; estimating construction time; determining proper depreciation methods; calculating O&M costs; evaluating regulatory issues; forecasting oil price changes over time and much more. This edition is a one-stop guidebook with examples based on real-world cases such as energy production facilities or petrochemical plants.
About the Author
Donald G. Newnan has been a full-time faculty member at Purdue University since 1985. He is also an internationally acclaimed author of textbooks in economics, economics for engineers/scientists, management science/engineering as well as calculus texts for calculus teachers & students. Ted G. Eschenbach is Professor Emeritus of Civil Engineering at Carnegie Mellon University, where he has taught since 1974. He currently holds joint appointments with both faculties. Jerome P. Lavelle is a Professor Emeritus of Engineering Economy and a co-founder of MIT’s Engineering Systems Division (ESD). He received his B.S. in chemical engineering from Northeastern University, his M.S. from Yale University, and his Ph.D. Neal B. Lewis was born on May 19, 1940, in Chicago. He received his bachelor’s degree from Washington University in St. Louis and his master’s degree from Stanford University. He has been a professor of economics at George Washington University since 1971.
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