Engineering Economics, 16th edition, is ideal for undergraduate introductory courses in Engineering Economics. It is also a useful reference for engineers interested in reviewing the basics of engineering economics. Used by engineering students around the world, this bestseller provides a good understanding of the principles, basic concepts and methodology of engineering economics.
Built on the rich and proven educational material from previous editions, it is extensively revised and updated to reflect current trends and issues, with an emphasis on the economics of engineering design. It provides one of the most comprehensive and up-to-date studies in this vitally important area.
Used by engineering students around the world, this bestseller provides in-depth knowledge of engineering principles, basic concepts, and methodology. Practical and student-centered explanations and examples help students master methods and processes for rational decision making. Building on the rich and proven teaching materials from previous editions, the text will be extensively revised and updated to reflect current trends and topics. The new edition takes up the spirit of ecological sustainability with more than 160 "green" issues as well as new chapter closing tasks and group exercises and contains updates on the new revisions of the 2017 tax code.
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Elin M. Wicks is the owner of Abacus Accounting LLC, an auditing and bookkeeping firm focused on helping small business owners achieve financial success. He holds bachelor's and master's degrees in industrial engineering from Rutgers University, where his master's research has focused on a method for quantifying non-economic factors in monetary values. During this time, he also developed software tools to help Cosmair Inc. improve order planning and registration practices. He then received his PhD in industrial and systems engineering from Virginia Tech with a focus on the design of cell manufacturing systems. She later moved to the Department of Industrial and Manufacturing Systems at the University of Missouri, Columbia. After taking a hiatus to raise her children, she completed her accounting education and became a senior accountant of Glenn B. Cohen, CPA - an accounting and financial management firm. She has been the author of Engineering Economy since the tenth edition was published.
C. Patrick Koelling has been with the Virginia Tech Department of Industrial and Systems Engineering since 1987. Dr. in Industrial and Management Systems Engineering 1982 from Arizona State University, MBA 1978, M.S.I.E. 1977 and B.S.I.E. 1976, all from the University of Missouri. He researches and teaches operations research and management systems engineering. Prior to joining Virginia Tech, he spent two years with Hallmark Cards as a senior analyst and three years as an assistant professor at Oklahoma State University. Dr. Koelling was also the director of industrial engineering and management for the state of Oklahoma. Dr. Koelling has advised several private and government organizations, including the creation of new industrial and systems engineering programs. He is a member of the Institute of Industrial and Systems Engineers, Executive Director of Alpha Pi Mu, the Honored Society for Industrial Engineering, and Director of Accreditation Affairs of the Institute of Industrial and Systems Engineers.