Engineering Economy 15th Edition by William G. Sullivan, Elin M. Wicks and C. Patrick Koelling offers a sound understanding of the ideas, basic ideas, and methodology of engineering economy. It's ideally suited for undergraduate, introductory courses in Engineering Economics. It is also a useful reference for engineers keen on reviewing the basic principles of engineering economy.
Constructed upon the rich and time-examined teaching materials of earlier editions, it is extensively revised and updated to reflect current developments and issues, with an emphasis on the economics of engineering design throughout. It offers one of the most complete and up-to-date studies of this vitally necessary field. Broadly talking, engineers use knowledge to seek out new ways of doing issues economically.
Engineering design options do not exist in a vacuum but throughout the context of a business opportunity. Given that every drawback has multiple options, the problem is: How does one rationally select the design with the most favorable financial consequence? The reply to this query may also be put forth in two words: engineering economy. This text offers a scientific framework for evaluating the financial facets of competing design solutions.
Simply as engineers model the stress on a assist column, or the thermodynamic response of a steam turbine, they must additionally model the economic impact of their recommendations. It is the subject of this textbook. Quite a few green engineering examples and issues are new to this book. Many incorporate energy conservation in commonly experienced situations.
These elements pertain to engineering economic system problems involving energy conservation, materials substitution, recycling, and different green situations. These green elements will probably be denoted with a vertical green rule and icon. Tightly built-in hybrid media using videos of selected issues and examples are featured to boost problem solving and understanding.
These icon-designated situations are intended to bolster the learning of engineering economy by way of analogy with the marked issues and examples, and college students are inspired to make the most of their availability. Over 200 new end-of-chapter problems have been added to this edition. Many are private curiosity and present occasions types of problems.
PowerPoint visual aids for instructors have been expanded and enhanced. Just a few chapters have been abbreviated to advertise more concise and readable topical coverage. Many new spreadsheet models of engineering financial system problems have been added to the fifteenth edition. Solutions to chose end-of-chapter issues are included in Appendix G.
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