Engineering Economic Analysis

.-. - - - PREFACE xix on previous editions: Dick Bernhard, North Carolina State University Charles Burford, Texas Tech Univers ...

xx PREFACE William Smyer, Mississippi State University R. Meenakshi Sundaram, Tennessee Technological University Ed Wheeler, Uni ...

ENGINEERING ECONOMIC ANALYSIS ...

.. After Completing This Chapter... The student should be able to: · Distinguish between simple and complex problems. ·Discuss t ...

--.--------- '" , ~~-'.,..~.~'-1.\:~~c-.-~---r--;\. ~~lA\1J?1f~~-u Making Economic Decisions Could the World Trade Center Have W ...

4 MAKING ECONOMIC DECISIONS This book is about making decisions.Decision makingis a broad topic, for it is a major aspect of eve ...

_.+----------- The Role of Engineering Economic Analysis 5 Germangovernmentpass legislationto prevent the overseasplant? What ab ...

6 MAKING ECONOMIC DECISIONS Engineering economic analysis can also be used to answer questions that are personally important. ·H ...

The Decision-Making Process 7 FIGURE I-lOne possible flowchartof the decision process. .. ~.'i~ 'W Recognize problel!l Define t ...

8 MAKING ECONOMIC DECISIONS plant must produce 300 golf carts in the next 2 weeks," are more limited objectives. Thus, defining ...

The Decision-Making Process 9 The cost-accounting records of a large company show the average monthly costs for the three- perso ...

The Decision-Making Process 13 · One might wish to invest in the stock market, but the total cost of the investment is not fixed ...

10 MAKING ECONOMIC DECISIONS The shipping department would reduce its cost from $793.50 to $688.50 by using the outside printer. ...

The Decision-Making Process 11 Identify Feasible Alternatives One must keep in mind that unless the best alternative is conside ...

12 MAKING ECONOMIC DECISIONS ·Minimize the expenditure of money. ·Ensure that the benefits to those who gain from the decision a ...

14 MAKING ECONOMIC DECISIONS neighbors unhappy, the environment more polluted, and one's savings account smaller. But, to avoid ...

". .--'-- ----.-.......- Engineering Decision Making for Current Costs 15 The selection of the feasible alternatives may be the ...

16 MAKING ECONOMIC DECISIONS A concrete aggregate mix is required to contain at least 31% sand by volume for proper batching. On ...

EngineeringDecisionMaking for Current Costs 17 Since there is only one way to handle first 1.5 million pieces, our problem conce ...

18 MAKING ECONOMIC DECISIONS There are two steps required to solve th~_pr.()ble~:First, the required thickness of each of the al ...