Applied Economic Analysis for Technologists, Engineers, and Managers

Applied Economic Analysis for Technologists, Engineers, and Managers

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This book provides a practical approach to making integrated financial decisions in contemporary organizations. While mathematics is used throughout, the focus of this text is the application of the math techniques in real-world settings. 'Examples, Questions, Problems, and Discussion Cases balance quantitative analysis, team based decisions, technical factors, and qualitative information.' *Presents the details and interrelationships of Traditional Engineering Economy Techniques (65% of book); basic organizational financial statements and accounting concepts (20% of book); and contemporary and team approaches to cost reduction, Continuous Profit Improvement, Quality Economics, Measuring Financial Results, and Total Financial Management (15% of book). *Covers applied engineering economics topics and decision making techniques with examples. Time value of money techniques are explained using diagrams, equations, tables, and software applications. Examples cover engineering design, process engineering, construction, manufacturing, software, non-manufacturing and service industries, and personal applications. *Provides a basis for financial and technical decision making grounded in anSlightly different answers to some problems are possible due to differences in rounding and the number of decimal places used ... 13, 333 units/year 3. ... value f . expense a€” low value, short life g. expense a€” low cost h. expense a€” low value, small repair 3. a. cash = -$600, 000; ... (loss of -$10, 605 on final entry) 13. a. use 7 -year MACRS life for office equipment D, =$10, 718 D2 = $18, 368 D3 = $13, 118 D4anbsp;...

Title:Applied Economic Analysis for Technologists, Engineers, and Managers
Author:Michael S. Bowman
Publisher: - 1999


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