Applied Engineering Economics Using Excel Merwan Mehta

28th November 2015
Industrial Press Inc.,U.S.
300 pages: 251 x 203 x 15mm

This must-have textbook for students in mechanical, civil, and electrical engineering departments addresses issues not sufficiently covered by existing engineering economics texts. Clearly presenting fundamental concepts that engineering students need to master in one semester, the author effectively applies an incremental learning method, starting with resolving personal financial matters and gradually progressing to the complexities of engineering economic calculations. Ample practical examples and exercises with answers at the end of each chapter teach students to solve problems using Microsoft Excel without the need for calculus. Future engineers also will gain valuable skills such as the ability to effectively communicate the results of their analyses to financial professionals. FEATURES Students learn the essential principles of engineering economics in one semester. Practical examples and exercises teach complex problem solving using Microsoft Excel, rather than calculus. The author draws from his extensive academic and industry engineering experience. The material in this textbook has been highly successful in classroom testing.

Ch.1: Introduction to Engineering Economics; Ch.2: Interest and Financial Equivalence; Ch. 3: Cash Flow Diagrams and Time Value of Money; Ch. 4: Cash Flow Series and Net Present Value; Ch. 5: Nominal and Effective Interest Rates; Ch. 6: Project Justification; Ch. 7: Sensitivity Analysis; Ch. 8: Amortization, Depreciation, and Income Taxes; Ch. 9: Creating Realistic Project Cash Flows; Ch. 10: Choosing Best Option from Multiple Projects; Ch. 11: Cost Benefit Analysis for Public Projects.

Dr. Merwan Mehta, Ph.D., is a Certified Manufacturing Engineer (CMfgE) and Certified Six Sigma Black Belt (CSSBB). A professor in the College of Engineering and Technology at East Carolina University in Greenville, North Carolina, he has taught Engineering Economics at the undergraduate and graduate levels since 2004. Prior to joining academia, he spent more than twenty years in the manufacturing industry as a partner in two businesses, vice president, project director, manager, industrial and manufacturing engineer, and machine tool design engineer. Dr. Mehta conducts workshops internationally for Lean Six Sigma Green Belt and Black Belt certifications, total productive maintenance (TPM), value stream mapping (VSM), geometric dimensioning and tolerancing (GD&T), and design of experiments (DOE). He also serves as an examiner for the Missouri Quality Award based on the Baldrige Criteria. His research interests include enhancing manufacturing and business processes, using Lean principles and the theory of constraints, and the pursuit of quality and variation control through Six Sigma and DOE.

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