Engineering Economy (Prentice-Hall International Series in Industrial and Systems Engineering)
by Gerald Thuesen, Wolter Fabrycky
Engineering Economy by Gerald Thuesen and Wolter Fabrycky offers a comprehensive guide to applying economic principles in engineering. It explores methods for financial analysis, cost evaluation, and decision-making in technical projects, helping engineers balance efficiency and profitability effectively.
About This Book
Engineering Economy introduces fundamental concepts for evaluating the economic aspects of engineering solutions. Authored by Gerald Thuesen and Wolter Fabrycky, the book focuses on methods to assess costs, benefits, and returns in project planning.
Readers learn techniques for comparing alternatives using time value of money principles. The text emphasizes practical applications in design and management decisions.
This work serves as a foundational resource for engineers seeking to integrate economic considerations into their professional practice. It covers key formulas and case examples relevant to real-world scenarios.
Through structured explanations, the book aids in understanding how economic factors influence engineering outcomes. It remains a staple for students and professionals in the field.
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