Contemporary Engineering Economics(5th edition)

Authors:

Chan S. Park

Type:Hardcover/ PaperBack / Loose Leaf
Condition: Used/New

In Stock: 2 Left

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Book details

ISBN: 136118488, 978-8120342095, 8120342097, 978-0136118480

Book publisher: Prentice Hall

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Book Price $56.32 : Contemporary Engineering Economics by Chan S. Park, in its 5th edition, serves as a significant resource for students and professionals in engineering and finance, merging the worlds of theoretical frameworks and practical financial analysis. The book delves into core topics such as cost estimation, cash flow analysis, inflation impacts, and risk analysis, which are vital for making economic decisions within engineering projects. One of the defining features of this edition is its focus on the integration of current market trends and economic realities, offering readers insight into applying economic principles to real-world scenarios. The solution manual and the answer key are indispensable tools for students, enabling thorough understanding and application of engineering economic concepts. Additionally, the table of content is meticulously organized, guiding users through intricate topics from basic economic decision principles to advanced cost-benefit analysis. By exploring the time value of money, depreciation, and break-even analysis, the book acts as a comprehensive guide for systematically addressing engineering problems. It also highlights methodologies important for capital budgeting and investment decision-making. This synergy between economics and engineering is well-received for its clarity and practical application, making it a staple in educational curriculums. As a learning tool, it embraces a broad spectrum of learning enhancements through case studies and examples. For instructors, these case studies offer an engaging means to discuss complex concepts with their students. Containing a robust number of example exercises and accessible explanations, the text nurtures a critical understanding of economic decision-making for engineering applications. This publication exemplifies how cheap resources can still deliver impactful and meaningful knowledge.