“工业工程系列”的出版正值中国学术界工业工程学科经历巨大发展，实际工作中对工业工程的概念、方法和工具的使用兴趣日渐浓厚之时。在实际工作中有效地应用工业工程的手段将无疑会提高生产率、工作质量、合作的满意度和效果。该系列中的书籍对工业工程的本科生、研究生和工业界中需要解决工程系统设计、运作和管理诸方面问题的人士最为适用。

Willian G. Sullivan等编著的《工程经济学(第14版)(影印版)》系统介绍了工程经济分析的理论、原理、方法和应用案例。

Willian G. Sullivan等编著的《工程经济学(第14版)(影印版)》是工程经济学领域的畅销教材，麻省理工学院等数十所美国大学以及英国、韩国、新加坡等很多国家的一些知名院校都将本书作为“工程经济学”课程的最主要教材。

本书系统介绍了工程经济分析的理论、原理、方法和应用案例。全书共分为3部分。第1部分是工程经济基本原理，主要阐述工程经济分析的基本原则、重要的成本概念和估计技术、货币时间价值原理等工程经济学的基本概念和原理；第2部分介绍工程经济基本方法，深入分析了投资方案的赢利性评价方法和比选方法，折旧、所得税、通货膨胀等对评价方法的影响，设备更新分析方法，不确定性分析方法；第3部分为工程经济分析方法特别专题，内容包括公共项目的费用效益分析方法、风险分析技术和融资及资本预算方法。

《工程经济学(第14版)(影印版)》适合作为经济类、管理类、工业工程及相关专业本科生或研究生的教材。

Preface

Acknowledgments

PART 1 Fundamentals of Engineering Economy

 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 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 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 Cost Estimation in the Design Process

3.6 Case Study——Demanufacturing of Computers

3.7 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 Summary

Part Ⅱ Engineering Economy in Action

 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 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 P.eriod

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 Postevaluatio.n of Results

6.9 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 Making After;Tax Economic Analyses

7.10 Illustration of Computations of ATCFs

7.11 Economic Value Added

7.12 Summary

 CHAPTER 8 Price Chancles and Exchancle Rates

8.1 Introduction

8.2 Terminology and Basic Concepts

8.3 Fixed and Responsive Annuities

8.4 Spreadsheet Application

8.5 Foreign Exchange Rates and Purchasing Power Concepts

8.6 Case Study--Selecting Electric Moto.rs to Power an Assembly Line

8.7 Summary

 CHAPTER 9 Replacement Analysis

9.1 Introduction

9.2 Reasons for Replacement Anaiysis

9.3 Factors that Must Be Considered in Replacement Studies

9.4 Typisal Replacement Problems

9.5 Determining the Economic Life:of a New Asset (Challenger)

9.6 Determining the Economic Life of a Defender

9.7 Comparisons in which the Defender's Useful Life Differs from that of the Challenger

9.8 Retirement without Replacement (Abandonment)

9.9 AfterTax Replacement Studies

9.10 Case Study--Replacement of a Hospital's Emergency Electrical Supply System

9.11 Summary

PART Ⅲ Additional Topics in Engineering Economy

 CHAPTER 10 Evaluating Projects with the Benefit-Cost Ratio Method

10.1 Introduction

10.2 Perspective and Terminology for Analyzing Public 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 Used for Public Projects?

10.7 The Benefit-Cost Ratio Method

10.8 Evaluating Independent Projects by B-C Ratios

10.9 Comparison of Mutually Exclusive Projects by B--C Rations

10.10 Criticisms and Shortcomings of the Benefit-Cost Ratio Method

10.11 Case Study--Improving a Railroad Crossing

10.12 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 Case Study--Analysis of a Business Venture

11.6 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 Discrete Random Variables

12.5 Evaluation of Projects with Continuous Random Variables

12.6 Evaluation of Uncertainty by Monte Carlo Simulation

12.7 Performing Monte Carlo Simulation with a Computer

12.8 Decision Trees

12.9 Real Options Analysis

12.10 Case Study--The Oils Well That Ends Well Company

12.11 Summary

 CHAPTER 13 The Capital Budgeting Process

13.1 Introduction

13.2 Debt Capital

13.3 Equity Capital

13.4 The Weighted Average Cost of Capital (WACC)

13.5 Project Selection

13.6 Postmortem Review

13.7 Budgeting of Capital Investments and Management Perspective

13.8 Leasing Decisions

13.9 Capital Allocation

13.10 Case Study--Financing an Automobile

13.11 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

PART Ⅳ Appendices

 A Using Excel to Solve Engineering Economy Problems

 B Abbreviations and Notation

 C Interest and Annuity Tables for Discrete Compounding

 D Interest and Annuity Tables for Continuous Compounding

 E Standard Normal Distribution

 F Selected References

 G Answers to Selected Problems

Index