Contemporary Engineering Economics (4th Edition)

Features

• Cover Type: Hard Cover with 928 pages
• Published by: Prentice Hall
• Edition: 4th Edition July 6, 2006
• Written in: English
• ISBN 10 Number: 0131876287
• ISBN 13 Number: 978-0131876286
• Book Dimensions: 9.1 x 7.6 x 1.6 inches
• Weighs: 3.4 pounds

Product Description
 

This book is intended for undergraduate engineering students taking the introductory engineering economics course at the university level.

The fourth edition of Contemporary Engineering Economics has been thoroughly revised and updated while continuing to adopt a contemporary approach to the subject, and teaching, of engineering economics. This text aims not only to build a sound and comprehensive coverage of engineering economics, but also to address key educational challenges, such as student difficulty in developing the analytical skills required to make informed financial decisions.

Back Cover Copy


As in the first two editions, Park's Contemporary Engineering Economics, 3e stimulates student enthusiasm and imagination with the use of real-world applications and contexts throughout the book in chapter opening scenarios, homework problems, and self-test questions. New features in the third edition:

• All sections are updated to reflect the latest tax laws, interest rates, and other financial developments.
• The chapters are now organized into five parts. Three new chapters (Chapters 2, 3, and 6) have been added.
• Chapter 2 (Understanding Financial Statements) introduces the basics of business language, known as financial accounting, so that engineers can understand and speak in a common language when it comes to making a variety of business decisions.
• Chapter 3 (Cost Concepts and Behaviors) covers the various cost definitions as well as their behaviors in decision making. In particular, it discusses the marginal concept, which is the basis for many economic decisions.
• Chapter 6 (Principles of Investing) unravels the mysteries of the financial markets-the language, the players, the strategies, and above all, the risks and rewards of investments, as well as their ups and downs.
• Chapter 7 (Present Worth Analysis) streamlines the principles of comparing mutually exclusive projects in detail.
• Chapter 14 (Project Risk and Uncertainty) has been expanded to include decision tree analysis.
• Chapter 15 (Replacement Decisions) has been divided into two parts: The first part introduces the basic replacement decision problems without considering the effects of income taxes, whereas the second part revisits the same decision problems with income tax consideration.

A comprehensive book website has been developed for study guides and additional information, as well as student and instructor resources. The section, "Computer Notes," previously appearing as an end-of-chapter feature, is now consolidated onto the website. Various spreadsheets can be downloaded from the website and opened directly in Microsoft^® Excel for Windows. --This text refers to an out of print or unavailable edition of this title.

Reader Reviews
This review is from: Contemporary Engineering Economics (3rd Edition) (Hardcover) There may be useful information in this text, but it's hard to trust anything that's so poorly written. Page 32: ". . . the answer to each question is provided by one of financial statements." Page 42: "Investment activities include such as purchasing, financing . . ." I noticed an average of one error per page, although this seemed to get better as I read past the third chapter. (Maybe I just lost the ability to tell!) Now, I haven't noticed any substantive errors, but it's quite possible that one of the frequent mistakes in language caused the meaning of a sentence to change. In addition, the errors are just distracting! Imagine reading along, and not being able to get through a single page without doing a double-take because a sentence doesn't scan. And I'm not even trying to proof-read, just trying to understand the text! All that being said, this seems to be a thorough treatment of the subject, and I guess I can infer that my professor thinks the content is reliable. But this text reads like a product manual that's been poorly translated from another language!