Engineering Economic Analysis

xviii PREFACE

The supplement package for this text has been updated and expanded for this edition. For

students:

·A completely rewritten Study Guide by Ed Wheeler of the University of Tennessee,

Martin.. ,.'. -

· Spreadsheet problem modules on CD by Thomas Lacksonen of the University of

Wisconsin-Stout.

· Interactive multiple-choice problems on CD by William Smyer of Mississippi State

University.

For instructors:

·A substantially enlarged exam file edited by Meenakshi Sundaram of Tennessee

Technological University.

·PowerPoiIltlecture notes for key chapters by David Mandeville of Oklahoma State

University.

· Instructor's Manual by the authors with complete solutions to all end-of-chapter

problems.

·The compound interest tables from the textbook are available in print or Excel format

for adopting professors who prefer to give closed book exams.

For students and instructors:

· A companionwebsite is availablewith updates to these supplements at http://www.oup.comJ

us/engineeringeconomy

This ~ditionmaintains the approach to spreadsheets that was established in the previous

edition. Rather than relying on spreadsheet templates, the emphasis is on helping students

learn to use the eOormouscapabilities of software that is available on every computer.This

approach reinforces the traditional engineering economy factor approach, as the equivalent

spreadsheet functions (PMT, PV, RATE, etc.) are used frequently.

For those students who would benefit from a refresher or introduction on how to write

good spreadsheets,there is an appendix to introduce spreadsheets. In Chapter 2, spreadsheets

are used to draw cash flow diagrams. Then, from Chapter 4 to Chapter 15, every chapter

has a concluding section on spreadsheet use. Each section is designed to support the other

material in the chapterand to add to the student's knowledge of spreadsheets. If spreadsheets

are used, the student will be very well prepared to apply this tool to real-world problems

after graduation.

This approachis designed to support a range of approaches to spreadsheets. Professors

and students can rely on the traditional tools of engineering economy and, without loss of

continuity, completely ignore the material on spreadsheets. Or at the other extreme,profes-

sors can introducethe concepts and require all computations to be done with spreadsheets.

Or a mix of approaches depending on the professor, students, and particular chapter may

be taken.

Acknowledgments

Many people have directly or indirectly contributed to the content of the book in its ninth

edition. We have been influenced by our Stanford and North Carolina State University

educations, our universitycolleagues, and students who have provided invaluablefeedback

on content and form. We are particularly grateful to the following professors for their work

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