EAN: 9783031793479

SYNTHESIS LECTURES ON ENGINEERING FUNDAMENTAL...

The authors cover two general topics: basic engineering economics and risk analysis in this
text. Within the topic of engineering economics are discussions on the time value of money and
interest relationships. These interest relationships are used to define certain project
criteria that are used by engineers and project managers to select the best economic choice
among several alternatives. Projects examined will include both income- and service-producing
investments. The effects of escalation  inflation  and taxes on the economic analysis of
alternatives are discussed. Risk analysis incorporates the concepts of probability and
statistics in the evaluation of alternatives. This allows management to determine the
probability of success or failure of the project. Two types of sensitivity analyses are
presented. The first is referred to as the range approach while the second uses probabilistic
concepts to determine a measure of the risk involved. The authors have designed the text to
assist individuals to prepare to successfully complete the economics portions of the
Fundamentals of Engineering Exam.Table of Contents: Introduction   Interest and the Time Value
of Money   Project Evaluation Methods   Service Producing Investments   Income Producing
Investments   Determination of Project Cash Flow   Financial Leverage   Basic Statistics and
Probability   Sensitivity Analysis

Aktuelle Preise zur EAN 9783031793479

Produktinformationen zur 9783031793479