New features in the third edition:
- all sections areupdated to reflect the latest tax laws, interest rates, and other financial developmemps.
- The chapters are now organized into five parts. Three new chapters (chapters2,3 and 6) have boon abbed.
- Chapter 2 (Understending 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 varitey 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 the financial marets 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 Analying) streamlines the principles of comparing mutally exclusive projects in detail.
- Chapter 14 (Project Risk and Uncertainty) has boon expanded to include decision tree analysis.
- Chapter 15 (Replacement Decisions) has boon 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 prodlems with income tax consideration.
Chapter 1 Engineering Economic Decisions
Chapter 2 Understanding Financial Statements
Chapter 3 Cost Concepts and Behaviors
Chapter 4 Time Is Money
Chapter 5 Understanding Money and Its Management
Chapter 6 Principles of Investing
Chapter 7 Present Worth Analysis
Chapter 8 Annual Equivalent Worth Analysis
Chapter 9 Rate of Return Analysis
Chapter 10 Depreciation
etc.