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Engineering economy / / William G. Sullivan, Elin M. Wicks, C. Patrick Koelling ; global editions contributions by Anisha Sharma
| Engineering economy / / William G. Sullivan, Elin M. Wicks, C. Patrick Koelling ; global editions contributions by Anisha Sharma |
| Autore | Sullivan William G. <1942-> |
| Edizione | [Sixteenth edition, Global edition.] |
| Pubbl/distr/stampa | Upper Saddle River : , : Pearson, , [2014] |
| Descrizione fisica | 1 online resource (706 pages) : illustrations (some color), tables, graphs, photographs |
| Disciplina | 658.15 |
| Collana | Always learning |
| Soggetto topico | Engineering economy |
| ISBN | 1-292-01947-6 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover -- Title Page -- Contents -- Preface -- Green Content -- CHAPTER 1 Introduction to Engineering Economy -- 1.1 Introduction -- 1.2 The Principles of Engineering Economy -- 1.3 Engineering Economy and the Design Process -- 1.4 Using Spreadsheets in Engineering Economic Analysis -- 1.5 Try Your Skills -- 1.6 Summary -- CHAPTER 2 Cost Concepts and Design Economics -- 2.1 Cost Terminology -- 2.2 The General Economic Environment -- 2.3 Cost-Driven Design Optimization -- 2.4 Present Economy Studies -- 2.5 CASE STUDY-The Economics of Daytime Running Lights -- 2.6 Try Your Skills -- 2.7 Summary -- Appendix 2-A Accounting Fundamentals -- CHAPTER 3 Cost-Estimation Techniques -- 3.1 Introduction -- 3.2 An Integrated Approach -- 3.3 Selected Estimating Techniques (Models) -- 3.4 Parametric Cost Estimating -- 3.5 CASE STUDY-Demanufacturing of Computers -- 3.6 Electronic Spreadsheet Modeling: Learning Curve -- 3.7 Try Your Skills -- 3.8 Summary -- CHAPTER 4 The Time Value of Money -- 4.1 Introduction -- 4.2 Simple Interest -- 4.3 Compound Interest -- 4.4 The Concept of Equivalence -- 4.5 Notation and Cash-Flow Diagrams and Tables -- 4.6 Relating Present and Future Equivalent Values of Single Cash Flows -- 4.7 Relating a Uniform Series (Annuity) to Its Present and Future Equivalent Values -- 4.8 Summary of Interest Formulas and Relationships for Discrete Compounding -- 4.9 Deferred Annuities (Uniform Series) -- 4.10 Equivalence Calculations Involving Multiple Interest Formulas -- 4.11 Uniform (Arithmetic) Gradient of Cash Flows -- 4.12 Geometric Sequences of Cash Flows -- 4.13 Interest Rates that Vary with Time -- 4.14 Nominal and Effective Interest Rates -- 4.15 Compounding More Often than Once per Year -- 4.16 Interest Formulas for Continuous Compounding and Discrete Cash Flows -- 4.17 CASE STUDY-Understanding Economic "Equivalence".
4.18 Try Your Skills -- 4.19 Summary -- CHAPTER 5 Evaluating a Single Project -- 5.1 Introduction -- 5.2 Determining the Minimum Attractive Rate of Return (MARR) -- 5.3 The Present Worth Method -- 5.4 The Future Worth Method -- 5.5 The Annual Worth Method -- 5.6 The Internal Rate of Return Method -- 5.7 The External Rate of Return Method† -- 5.8 The Payback (Payout) Period Method -- 5.9 Case Study-A Proposed Capital Investment to Improve Process Yield -- 5.10 Electronic Spreadsheet Modeling: Payback Period Method -- 5.11 Try Your Skills -- 5.12 Summary -- Appendix 5-A The Multiple Rate of Return Problem with the IRR Method -- CHAPTER 6 Comparison and Selection among Alternatives -- 6.1 Introduction -- 6.2 Basic Concepts for Comparing Alternatives -- 6.3 The Study (Analysis) Period -- 6.4 Useful Lives Are Equal to the Study Period -- 6.5 Useful Lives Are Unequal among the Alternatives -- 6.6 Personal Finances -- 6.7 Case Study-Ned and Larry's Ice Cream Company -- 6.8 Postevaluation of Results -- 6.9 Project Postevaluation Spreadsheet Approach -- 6.10 Try Your Skills -- 6.11 Summary -- CHAPTER 7 Depreciation and Income Taxes -- 7.1 Introduction -- 7.2 Depreciation Concepts and Terminology -- 7.3 The Classical (Historical) Depreciation Methods -- 7.4 The Modified Accelerated Cost Recovery System -- 7.5 A Comprehensive Depreciation Example -- 7.6 Introduction to Income Taxes -- 7.7 The Effective (Marginal) Corporate Income Tax Rate -- 7.8 Gain (Loss) on the Disposal of an Asset -- 7.9 General Procedure for MakingAfter-Tax Economic Analyses -- 7.10 Illustration of Computations of ATCFs -- 7.11 Economic Value Added -- 7.12 Try Your Skills -- 7.13 Summary -- CHAPTER 8 Price Changes and Exchange Rates -- 8.1 Introduction -- 8.2 Terminology and Basic Concepts -- 8.3 Fixed and Responsive Annuities -- 8.4 Differential Price Changes. 8.5 Spreadsheet Application -- 8.6 Foreign Exchange Rates and Purchasing Power Concepts -- 8.7 Case Study-Selecting Electric Motors to Power an Assembly Line -- 8.8 Try Your Skills -- 8.9 Summary -- CHAPTER 9 Replacement Analysis -- 9.1 Introduction -- 9.2 Reasons for Replacement Analysis -- 9.3 Factors that Must Be Consideredin Replacement Studies -- 9.4 Typical Replacement Problems -- 9.5 Determining the Economic Life of a NewAsset (Challenger) -- 9.6 Determining the Economic Life of a Defender -- 9.7 Comparisons in Which the Defender's Useful LifeDiffers from that of the Challenger -- 9.8 Retirement without Replacement (Abandonment) -- 9.9 After-Tax Replacement Studies -- 9.10 Case Study-Replacement of a Hospital's Emergency Electrical Supply System -- 9.11 Summary -- CHAPTER 10 Evaluating Projects with the Benefit−Cost Ratio Method -- 10.1 Introduction -- 10.2 Perspective and Terminology for AnalyzingPublic Projects -- 10.3 Self-Liquidating Projects -- 10.4 Multiple-Purpose Projects -- 10.5 Difficulties in Evaluating Public-Sector Projects -- 10.6 What Interest Rate Should Be Usedfor Public Projects? -- 10.7 The Benefit−Cost Ratio Method -- 10.8 Evaluating Independent Projects by B−C Ratios -- 10.9 Comparison of Mutually Exclusive Projectsby B−C Ratios -- 10.10 Case Study-Improving a Railroad Crossing -- 10.11 Summary -- CHAPTER 11 Breakeven and Sensitivity Analysis -- 11.1 Introduction -- 11.2 Breakeven Analysis -- 11.3 Sensitivity Analysis -- 11.4 Multiple Factor Sensitivity Analysis -- 11.5 Summary -- CHAPTER 12 Probabilistic Risk Analysis -- 12.1 Introduction -- 12.2 Sources of Uncertainty -- 12.3 The Distribution of Random Variables -- 12.4 Evaluation of Projects with DiscreteRandom Variables -- 12.5 Evaluation of Projects with ContinuousRandom Variables -- 12.6 Evaluation of Risk and Uncertaintyby Monte Carlo Simulation. 12.7 Performing Monte Carlo Simulationwith a Computer -- 12.8 Decision Trees -- 12.9 Real Options Analysis -- 12.10 Summary -- CHAPTER 13 The Capital Budgeting Process -- 13.1 Introduction -- 13.2 Debt Capital -- 13.3 Equity Capital -- 13.4 TheWeighted Average Cost of Capital (WACC) -- 13.5 Project Selection -- 13.6 Postmortem Review -- 13.7 Budgeting of Capital Investmentsand Management Perspective -- 13.8 Leasing Decisions -- 13.9 Capital Allocation -- 13.10 Summary -- CHAPTER 14 Decision Making Considering Multiattributes -- 14.1 Introduction -- 14.2 Examples of Multiattribute Decisions -- 14.3 Choice of Attributes -- 14.4 Selection of a Measurement Scale -- 14.5 Dimensionality of the Problem -- 14.6 Noncompensatory Models -- 14.7 Compensatory Models -- 14.8 Summary -- Appendix A Using Excel to Solve Engineering Economy Problems -- APPENDIX B Abbreviations and Notation -- Appendix C Interest and Annuity Tables for Discrete Compounding -- Appendix D Interest and Annuity Tables for Continuous Compounding -- Appendix E Standard Normal Distribution -- Appendix F Selected References -- Appendix G Solutions to Try Your Skills -- Index. |
| Record Nr. | UNINA-9910151570503321 |
Sullivan William G. <1942->
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| Upper Saddle River : , : Pearson, , [2014] | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Macroeconomics / / Stephen D. Williamson ; international edition contributions by Anisha Sharma
| Macroeconomics / / Stephen D. Williamson ; international edition contributions by Anisha Sharma |
| Autore | Williamson Stephen D. |
| Edizione | [Fifth edition, international edition.] |
| Pubbl/distr/stampa | Boston : , : Pearson, , 2014 |
| Descrizione fisica | 1 online resource (720 pages) : illustrations, tables |
| Disciplina | 339 |
| Collana | Always learning |
| Soggetto topico | Macroeconomics |
| ISBN | 1-292-00046-5 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover -- Macroeconomics -- Contents -- Part I Introduction and Measurement Issues -- Introduction -- What Is Macroeconomics? -- Gross Domestic Product, Economic Growth, and Business Cycles -- Macroeconomic Models -- Microeconomic Principles -- Disagreement in Macroeconomics -- What Do We Learn from Macroeconomic Analysis? -- Understanding Recent and Current Macroeconomic Events -- Chapter Summary -- Key Terms -- Questions for Review -- Problems -- Working with the Data -- Measurement -- Measuring GDP: The National Income and Product Accounts -- Nominal and Real GDP and Price Indices -- Macroeconomics in Action: Comparing Real GDP Across Countries and the Penn Effect -- Macroeconomics in Action: House Prices and GDP Measurement -- Savings, Wealth, and Capital -- Labor Market Measurement -- Macroeconomics in Action: Alternative Measures of the Unemployment Rate -- Chapter Summary -- Key Terms -- Questions for Review -- Problems -- Working with the Data -- Business Cycle Measurement -- Regularities in GDP Fluctuations -- Macroeconomics in Action: Economic Forecasting and the Financial Crisis -- Comovement -- The Components of GDP -- Nominal Variables -- Labor Market Variables -- Macroeconomics in Action: Jobless Recoveries -- Seasonal Adjustment -- Macroeconomics in Action: The Great Moderation and the 2008-2009 Recession -- Comovement Summary -- Chapter Summary -- Key Terms -- Questions for Review -- Problems -- Working with the Data -- Part II A One-Period Model of the Macroeconomy -- Consumer and Firm Behavior: The Work-Leisure Decision and Profit Maximization -- The Representative Consumer -- The Representative Firm -- Macroeconomics in Action: How Elastic is Labor Supply? -- Macroeconomics in Action: Henry Ford and Total Factor Productivity -- Theory Confronts the Data: Total Factor Productivity and the U.S. Aggregate Production Function.
Chapter Summary -- Key Terms -- Questions for Review -- Problems -- Working with the Data -- A Closed-Economy One-Period Macroeconomic Model -- Government -- Competitive Equilibrium -- Optimality -- Working with the Model: The Effects of a Change in Government Purchases -- Theory Confronts the Data: Government Spending in World War II -- Working with the Model: A Change in Total Factor Productivity -- Theory Confronts the Data: Total Factor Productivity, Real GDP, and Energy Prices -- Macroeconomics in Action: Government Expenditures and the American Recovery and Reinvestment Act of 2009 -- A Distorting Tax on Wage Income, Tax Rate Changes, and the Laffer Curve -- A Model of Public Goods: How Large Should the Government Be? -- Chapter Summary -- Key Terms -- Questions for Review -- Problems -- Working with the Data -- Search and Unemployment -- Labor Market Facts -- Macroeconomics in Action: Unemployment and Employment in the United States and Europe -- A Diamond-Mortensen-Pissarides Model of Search and Unemployment -- Working with the DMP Model -- Macroeconomics in Action: Unemployment Insurance and Incentives -- Theory Confronts the Data: Productivity, Unemployment, and Real GDP in the United States and Canada: The 2008-2009 Recession -- A Keynesian DMP Model -- Macroeconomics in Action: The Natural Rate of Unemployment and the 2008-2009 Recession -- Chapter Summary -- Key Terms -- Questions for Review -- Problems -- Working with the Data -- Part III Economic Growth -- Economic Growth: Malthus and Solow -- Economic Growth Facts -- The Malthusian Model of Economic Growth -- The Solow Model: Exogenous Growth -- Theory Confronts the Data: The Solow Growth Model, Investment Rates, and Population Growth -- Macroeconomics in Action: Resource Misallocation and Total Factor Productivity. Macroeconomics in Action: Recent Trends in Economic Growth in the United States -- Growth Accounting -- Macroeconomics in Action: Development Accounting -- Chapter Summary -- Key Terms -- Questions for Review -- Problems -- Working with the Data -- Income Disparity Among Countries and Endogenous Growth -- Convergence -- Theory Confronts the Data: Is Income Per Worker Converging in the World? -- Macroeconomics in Action: Measuring Economic Welfare: Per Capita Income, Income Distribution, Leisure, and Longevity -- Endogenous Growth: A Model of Human Capital Accumulation -- Macroeconomics in Action: Education and Growth -- Chapter Summary -- Key Terms -- Questions For Review -- Problems -- Working with the Data -- Part IV Savings, Investment, and Government Deficits -- A Two-Period Model: The Consumption-Savings Decision and Credit Markets -- A Two-Period Model of the Economy -- Theory Confronts the Data: Consumption Smoothing and the Stock Market -- The Ricardian Equivalence Theorem -- Macroeconomics in Action: The Economic Growth and Tax Relief Reconciliation Act and National Saving -- Theory Confronts the Data: Government Financing Arithmetic: Are Government Budget Deficits Sustainable? -- Chapter Summary -- Key Terms -- Questions for Review -- Problems -- Working with the Data -- Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security -- Credit Market Imperfections and Consumption -- Credit Market Imperfections, Asymmetric Information, and the Financial Crisis -- Theory Confronts the Data: Asymmetric Information and Interest Rate Spreads -- Credit Market Imperfections, Limited Commitment, and the Financial Crisis -- Theory Confronts the Data: The Housing Market, Collateral, and Consumption -- Theory Confronts the Data: Low Real Interest Rates and the Financial Crisis -- Social Security Programs. Macroeconomics in Action: Transitions from Pay-As-You-Go to Fully Funded Social Security -- Chapter Summary -- Key Terms -- Questions for Review -- Problems -- Working with the Data -- A Real Intertemporal Model with Investment -- The Representative Consumer -- The Representative Firm -- Theory Confronts the Data: Investment and the Interest Rate Spread -- Government -- Competitive Equilibrium -- The Equilibrium Effects of a Temporary Increase in G : Stimulus, the Multiplier, and Crowding Out -- Macroeconomics in Action: The Total Government Spending Multiplier: Barro vs. Romer -- The Equilibrium Effects of a Decrease in the Current Capital Stock K -- The Equilibrium Effects of an Increase in Current Total Factor Productivity z -- The Equilibrium Effects of an Increase in Future Total Factor Productivity, z: News About the Future and Aggregate Economic A -- Theory Confronts the Data: News, the Stock Market, and Investment Expenditures -- Credit Market Frictions and the Financial Crisis -- Theory Confronts the Data: Interest Rate Spreads and Aggregate Economic Activity -- Sectoral Shocks and Labor Market Mismatch -- Theory Confronts the Data: The Behavior of Real GDP, Employment, and Labor Productivity in the 1981-1982 and 2008-2009 Recessions -- Chapter Summary -- Key Terms -- Questions for Review -- Problems -- Working with the Data -- Part V Money and Business Cycles -- Money, Banking, Prices, and Monetary Policy -- What Is Money? -- A Monetary Intertemporal Model -- A Level Increase in the Money Supply and Monetary Neutrality -- Shifts in Money Demand -- Theory Confronts the Data: Instability in the Money Demand Function -- The Short-Run Non-Neutrality of Money: Friedman-Lucas Money Surprise Model -- The Zero Lower Bound and Quantitative Easing -- Macroeconomics in Action: Empirical Evidence on Quantitative Easing -- Chapter Summary -- Key Terms. Questions for Review -- Problems -- Working with the Data -- Business Cycle Models with Flexible Prices and Wages -- The Real Business Cycle Model -- A Keynesian Coordination Failure Model -- Macroeconomics in Action: Business Cycle Models and the Great Depression -- A New Monetarist Model: Financial Crises and Deficient Liquidity -- Macroeconomics in Action: Uncertainty and Business Cycles -- Chapter Summary -- Key Terms -- Questions for Review -- Problems -- Working with the Data -- New Keynesian Economics: Sticky Prices -- The New Keynesian Model -- The Nonneutrality of Money in the New Keynesian Model -- Theory Confronts the Data: Can the New Keynesian Model Under Fluctuations in the Interest Rate Target Explain Business Cycles? -- Theory Confronts the Data: Keynesian Aggregate Demand Shocks as Causes of Business Cycles -- The Role of Government Policy in the New Keynesian Model -- Total Factor Productivity Shocks in the New Keynesian Model -- Macroeconomics in Action: The Timing of the Effects of Fiscal and Monetary Policy -- The Liquidity Trap and Sticky Prices -- Macroeconomics in Action: New Keynesian Models, the Zero Lower Bound, and Quantitative Easing -- Criticisms of Keynesian Models -- Macroeconomics in Action: How Sticky Are Nominal Prices? -- Chapter Summary -- Key Terms -- Questions for Review -- Problems -- Working with the Data -- Part VI International Macroeconomics -- International Trade in Goods and Assets -- A Two-Period Small Open-Economy Model: The Current Account -- Theory Confronts the Data: Is a Current Account Deficit a Bad Thing? -- Production, Investment, and the Current Account -- Macroeconomics in Action: The World "Savings Glut" -- Chapter Summary -- Key Terms -- Questions for Review -- Problems -- Working with the Data -- Money in the Open Economy. The Nominal Exchange Rate, the Real Exchange Rate, and Purchasing Power Parity. |
| Record Nr. | UNINA-9910151570703321 |
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Williamson Stephen D.
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| Boston : , : Pearson, , 2014 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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