Calculations for Engineering Economic Analysis Book

In the first part of the book, engineers will find guidance on economic analysis with the use of compound interest. They will learn about the variation of money with time, regulated sets of payments, and continuous compounding of interest. Also covered are cost comparisons of alternative methods, and the techniques of investing analysis. The second part shows readers how to make sound decisions on the basis of statistics and probability--from basics to statistical inference and reliability to the analysis of time series--using carefully explained, practical, every-day examples. The third and final part of the book fully examines the application of analytical techniques for engineering economic analysis. There are detailed sections on linear programming and sensitivity analysis, project scheduling with the Critical Path Method (CPM) and PERT, as well as economic analysis under nonlinear relationships.Read More