| Publisher |
New Age International Private Limited |
| Publication Year |
2010 |
| ISBN-13 |
8122428377 |
| ISBN-10 |
8122428377 |
| Binding |
Hardcover |
| Number of Pages |
148 Pages |
| Language |
(English) |
| Weight (grms) |
429 |
This book present the basic tools of strategic cost analysis and engineering economy principles utilized by engineers, estimators, and project management personnel. The areas of emphasis are:
Cash Flows, Profit Financial Statements and the Purcell Diagram; Types of Interest and Money Values used In Cash Flow Analysis; Different Formulae used in Engineering Economy Decision, with Examples; Cash Flow Analysis Before taxes; Depreciation Types and Cash Flows after Taxes; Project Evalution Techniques including Present Worth, Average Annual cost, Return on Investment, return on average investment, rate of return, benefit/cost ratios, and project balances, and Basic Probability And Risk Analysis.
Many illustrative problems are included in the book to provide practice in utilizing the expressions and techniques Presented.
The Key Learning objectives are:
To understand why cash flow are more important and are studied rather than profits in project management and engineering economics;
To understand the concepts of cash flows and interest;
To enable the readers to learn the fundamental engineeringeconomics expression;
The perform before-tax cash flow analysis;
To perform after-tax cash flow analysis; and
To use the most appropriate project evalution techniques for successful project management
Robert C. Creese
Dr. Robert C. Creese is a Certified Cost Engineer and Professor of Industrial and Management Systems Engineering at West Virginia University, U.S.A. and has taught the courses on Engineering Economy, Advanced Engineering Economics and Costing and Estimating for Manufacturing. He has taught at the Pennsylvania State University, Grove City College and Aalborg University in Denmark.
He is a Fellow the Association for the Advancement of Cost Engineering International (AACEI), received the Charles V. Keane Service Award and Brian D. Dunfield Educational Service Award instituted by AACE, and has been actively associated with the Northern West Virginia Section of AACEI for nearly 20 years. He is a Life Member of AACE International, ASEE and ASM. He is also a Member of ISPA, SCEA, AIST, AWS, AFS and SME.
He has obtained his B.S. Degree in Industrial Engineering from Penn State University, and MS Degree in Industrial Engineering from the University of California-Berkeley and Ph.D. Degree in Metallurgy from the Penn State niversity, U.S.A.
He has authored and Co-authored two other books and over 100 technical papers.
He has organized several industry sponsored training programs in Cost Analysis nd Cost Management for the benefit of professional engineers and managers working in industries.
Robert C. Creese
New Age International Private Limited