**basics of engineering economy**

Engineering economics plays an important role for business owners because it helps identify the steps required to make well-thought out decisions such as whether to lease or purchase office space, invest in new computers or update existing ones, or provide customer service in-house or outsource the customer service department.

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Basics of Engineering Economy

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**Engineering Economics: Meaning and Characteristics**

1.2 Performing an Engineering Economy Study 4 1.3 Professional Ethics and Economic Decisions 7 1.4 Interest Rate and Rate of Return 10 1.5 Terminology and Symbols 13 1.6 Cash Flows: Estimation and Diagramming 15 1.7 Economic Equivalence 19 1.8 Simple and Compound Interest 21 1.9 Minimum Attractive Rate of Return 25 1.10 Introduction to Spreadsheet Use 27 Chapter Summary 31 Problems 31 ...

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