It is essential for all engineers and practitioners to have a fundamental understanding of cost structure, estimating cash flows, and evaluating alternative projects and designs on an economic basis. Engineering Economics for Aviation and Aerospace provides the tools and techniques necessary for engineers to economically evaluate their projects and choices.
Offering a comprehensive understanding of the theory and practical applications of engineering economics, this book explains and demonstrates the principles and techniques of engineering economics and financial analysis as applied to the aviation and aerospace industries. The authors use time value of money, interest, and Microsoft Excel functions to evaluate the cash flows associated with a single project or multiple projects. The use different engineering economics tools to evaluate individual projects or select the best of multiple alternatives.
Fully updated to reflect the latest information on, and practical insights into, the field of engineering economics, this second edition of Engineering Economics for Aviation and Aerospace continues to provide students of aviation and industrial economics, as well as practitioners, with the necessary mathematical knowledge to evaluate alternatives on an economic basis.
Engineering Economics for Aviation and Aerospace provides the tools and techniques necessary for engineers to economically evaluate their projects and choices.
List of Figures. List of Tables. About the Authors. Preface. Foreword by Barry Butler. Acknowledgments. List of Abbreviations.
1. Introduction to the Air-Transport Industry
2. Foundations of Engineering Economics and Finance
3. Analysis of Annuities and Gradient Series
4. Analysis of Nominal and Effective Interest Rates
5. Present Worth Analysis
6. Annual Worth Analysis
7. Rate of Return Analysis
8. Public Sector Projects and Benefit to Cost Analysis
9. Analysis of Break-Even and Payback period
10. Engineering Cost Estimation
11. Analysis of Financial Statements
12. Analysis of Firm Financial Performance
13. Uncertainty, Risk Analysis, and Simulation
14. Analysis of Depreciation, Replacement and Abandonment
15. Fundamentals of Decision Theory. Appendices. Index
Bijan Vasigh is President and Founder of Aviation Consulting Group and Professor of Economics and Finance in the College of Business at Embry-Riddle Aeronautical University, Daytona Beach, Florida, USA.
Javad Gorjidooz is Professor of Finance and Chair of the Business Administration Program in the School of Business at Embry-Riddle Aeronautical University, Prescott, Arizona, USA.
