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Engineering economics

About: Engineering economics is a research topic. Over the lifetime, 1013 publications have been published within this topic receiving 9400 citations. The topic is also known as: engineering economy.


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Book
01 Jan 1930
TL;DR: In this paper, the same principles and techniques that are helpful in guiding decisions about investments in capital goods are useful in certain kinds of decisions between alternative types of financing, and applications to these other areas of decision making are also discussed.
Abstract: This is a book about a particular type of decision making. It explains the principles and techniques needed for making decisions about the acquisition and retirement of capital goods by industry and government. Normally, such decisions should be made on grounds of long-run economy. Because engineers make many such decisions and make recommendations for many others, the body of principles and techniques relating to them has been called "engineering economy." The same concepts and methods that are helpful in guiding decisions about investments in capital goods are useful in certain kinds of decisions between alternative types of financing. Applications to these other areas of decision making are also discussed in this book. It can serve as a working manual for engineers, management personnel, government officials, and others whose duties require them to make decisions about investments in capital goods. The underlying philosophy regarding comparisons of alternatives is the same as in previous editions. As before, continued emphasis throughout the book is placed on the following two important points: (1) It is prospective differences between alternatives that are relevant in their comparison. (2) The fundamental question regarding a proposed investment in capital goods is whether the investment is likely to be recovered plus a return commensurate with the risk and with the return obtainable from other opportunities for the use of limited resources. The purpose of calculations that involve the time value of money should be to answer this question.

334 citations

BookDOI
01 Jan 2009
TL;DR: In this article, the authors have provided a link page download that the book that you refer so much can be found, just save the requested book downloaded and then you can enjoy the book to read every time and place you want.
Abstract: What should you think more? Time to get this [PDF? It is easy then. You can only sit and stay in your place to get this book. Why? It is on-line book store that provide so many collections of the referred books. So, just with internet connection, you can enjoy downloading this book and numbers of books that are searched for now. By visiting the link page download that we have provided, the book that you refer so much can be found. Just save the requested book downloaded and then you can enjoy the book to read every time and place you want.

319 citations

Book
01 Jan 2003
TL;DR: In this article, the authors present an analytical performance-based reliability assessment using Life Data Bayesian Methods Reliability Analysis of Systems Exercise Problems Failure Consequences and Severity Assessment Real Property Damage Loss of Human Life Injuries Injuries Indirect Losses Public Health and Ecological Damages Exercise Problems Engineering Economics and Finance Introduction Fundamental Economic Concepts Cash-Flow Diagrams Interest Formulae Economic Equivalence Involving Interest Economic equivalence and Inflation Economic Analysis of Alternatives Exercise Problems Risk Control Methods Introduction Philosophies of Risk Control Risk Aversion in Investment Decisions Risk
Abstract: Introduction Societal Needs Risk Analysis System Framework Knowledge and Ignorance Exercise Problems Risk Analysis Methods Introduction Risk Terminology Risk Assessment Risk Management and Control Risk Communication Exercise Problems System Definition and Structure Introduction System Definition Models Hierarchical Definitions of Systems System Complexity Exercise Problems Reliability Assessment Introduction Analytical Performance-Based Reliability Assessment Empirical Reliability Analysis Using Life Data Bayesian Methods Reliability Analysis of Systems Exercise Problems Failure Consequences and Severity Introduction Analytical Consequence and Severity Assessment Real Property Damage Loss of Human Life Injuries Indirect Losses Public Health and Ecological Damages Exercise Problems Engineering Economics and Finance Introduction Fundamental Economic Concepts Cash-Flow Diagrams Interest Formulae Economic Equivalence Involving Interest Economic Equivalence and Inflation Economic Analysis of Alternatives Exercise Problems Risk Control Methods Introduction Philosophies of Risk Control Risk Aversion in Investment Decisions Risk Homeostasis Insurance for Loss Control and Risk Transfer Benefit-Cost Analysis Risk-Based Maintenance Management Exercise Problems Data for Risk Studies Introduction Data Sources Databases Expert-Opinion Elicitation Model Modification Based on Available Data Failure Data Sources Exercise Problems Fundamentals of Probability and Statistics Sample Spaces, Sets, and Events Mathematics of Probability Random Variables and Their Probability Distributions Failure Data References and Bibliography Index

276 citations

Book
01 Jan 1993
TL;DR: The Engineering Design Process Managing Design Projects Modeling and Simulation Design Analyses for Material Selection Engineering Economics Optimization in Design Statistical Decisions Design for Reliability Safety and Environmental Protection Engineering Ethics Communications in Engineering Appendices.
Abstract: The Engineering Design Process Managing Design Projects Modeling and Simulation Design Analyses for Material Selection Engineering Economics Optimization in Design Statistical Decisions Design for Reliability Safety and Environmental Protection Engineering Ethics Communications in Engineering Appendices.

266 citations

Book
01 Jan 1993
TL;DR: This paper presents a meta-modelling framework for estimating the importance of inflation and its impact on cash flows in the context of economic analysis.
Abstract: Table of Contents Part I: Basics of Financial Decisions Chapter 1: Engineering Economic Decisions Chapter 2: Understanding Financial Statement Chapter 3: Interest Rate and Economic Equivalence Chapter 4: Understanding Money and Its Management Part II: Evaluation of Business and Engineering Assets Chapter 5: Present worth Analysis Chapter 6: Annual worth Analysis Chapter 7: Rate of Return Analysis Part III: Analysis of Project Cash Flows Chapter 8: Estimating Project Cost Elements Chapter 9: Depreciation and Corporate Taxes Chapter 10: Developing Project Cash Flows Part IV: Handling Risk and Uncertainty in Economic Analysis Chapter 11: Inflation and Its Impact on Project Cash Flows Chapter 12: Sensitivity and Risk Analysis Chapter 13: Real Options Analysis Part V Special Topics in Engineering Economic Analysis Chapter 14: Replacement Analysis Chapter 15: Capital Budgeting Decisions Chapter 16: Economic Analysis in Service Sector

230 citations


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Performance
Metrics
No. of papers in the topic in previous years
YearPapers
20231
202212
202143
202056
201942
201848