Recent global anxiety indicates that more focus needs to be directed at economic issues related to industry. Conventional techniques often do not adequately embrace the integrated global factors that affect unique industries and industry focused computational tools have not been readily available. Until now. Computational Economic Analysis for Engineering and Industry presents direct computational tools, techniques, models, and approaches for economic analysis with a specific focus on industrial and engineering processes. Here are just a few of the topics you'll find:
New economic analysis models and techniques Tent-shaped cash flows Industrial economic analysis Project-based economic measures Profit ratio analysis Equity break-even point Utility based analysis Project-balance analysis Customized ENGINEA software tool Engineering conversion factors The authors supply downloadable software, ENGINEA, that allows you to easily perform the various techniques outlined in the text, such as investment justification, breakeven analysis, and replacement analysis. Providing a high-level presentation of economic analysis of the unique aspects of industrial processes, they integrate mathematical models, optimization, computer analysis, and managerial decision processes. A comprehensive treatment of economic analysis considering the specific needs of industry, the book is a pragmatic alternative to conventional economic analysis books.
Author(s): Olufemi A. Omitaomu
Series: Industrial Innovation
Edition: 1
Publisher: CRC Press
Year: 2007
Language: English
Pages: 304
Front cover......Page 1
Acknowledgments......Page 6
Dedication......Page 8
Table of Contents......Page 10
Preface......Page 16
The Authors......Page 18
chapter one. Applied economic analysis......Page 20
chapter two. Cost concepts and techniques......Page 36
chapter three. Fundamentals of economic analysis......Page 52
chapter four. Economic methods for comparing investment alternatives......Page 80
chapter five. Asset replacement and retention analysis......Page 104
chapter six. Depreciation methods......Page 118
chapter seven. Break-even analysis......Page 132
chapter eight. Effects of inflation and taxes......Page 142
chapter nine. Advanced cash-flow analysis techniques......Page 154
chapter ten. Multiattribute investment analysis and selection......Page 170
chapter eleven. Budgeting and capital allocation......Page 198
chapter twelve. The ENGINEA software: a tool for economic evaluation......Page 208
chapter thirteen. Cost benchmarking case study*......Page 224
appendix A: Definitions and terms......Page 240
appendix B: Engineering conversion factors......Page 256
appendix C: Computational mathematical formulae......Page 264
appendix D: Units of measure......Page 270
appendix E: Interest factors and tables......Page 272
Index......Page 302
Back cover......Page 306
