the Nest of Students

John V. Farr ... 316 pages - Publisher: CRC Press; 1st edition (June, 2011) ...

Language: English - ASIN: B008ICZ97Q by Amzon Digital Services ...

Although technology and productivity has changed much of engineering, many topics are still taught in very similarly to how they were taught in the 70s. Using a new approach to engineering economics, Systems Life Cycle Costing: Economic Analysis, Estimation, and Management presents the material that a modern engineer must understand to work as a practicing engineer conducting economic analysis. Organized around a product development process that provides a framework for the material, the book presents techniques such as engineering economics and simulation-based costing (SBC), with a focus on total life cycle understanding and perspective and introduces techniques for detailed analysis of modern complex systems. The author includes rules of thumb for estimation grouped with the methods, processes, and tools (MPTs) for conducting a detailed engineering buildup for costing. He presents the estimating costing of complex systems and software and then explores concepts such as design to cost (DTC), cost as an independent variable (CAIV), the role of commercial off-the-shelf technology, cost of quality, and the role of project management in LCC management.

No product or services are immune from cost, performance, schedule, quality, risks, and tradeoffs. Yet engineers spend most of their formal education focused on performance and most of their professional careers worrying about resources and schedule. Too often, the design stage becomes about the technical performance without considering the downstream costs that contribute to the tota1 life cycle costs (LCC) of a system. This text presents the methods, processes, and tools needed for the economic analysis, estimation, and management that bring these costs in line with the goals of pleasing the customer and staying within budget.

Engineering Economy, 7th edition, presents a crisp, bold new design using color, highlighting and icons to focus on important concepts, terms, equations and decision guidelines. There are new features, new topics (such as ethics and staged decision making), and new online tools; yet no compromise on coverage, examples, or the well-accepted writing style of this popular text. The preface provides an overview of What’s New and graphically depicts resources for Instructors and Students. Solved examples, problems and case studies target many of the current engineering challenges in areas such as energy, ethics, the environment, and the world’s changing economics. Approximately eighty percent of the end-of-chapter problems are revised or new for this edition. Some of the outstanding pedagogical characteristics of this new edition include its easy-to-read writing style, learning outcomes for each section, progressive examples used throughout a chapter, solved examples using manual and integrated spreadsheet solutions, updated case studies, Fundamentals of Engineering (FE) exam questions for each chapter, and numerous new end-of-chapter exercises.

A significant new feature is the availability of brief, downloadable online presentations (podcasts) that incorporate voice-over, animated Power Point slides. These are available on the text’s website for students and instructors to utilize as support tools in or outside the classroom. Each module includes descriptive material and worked examples that supplement course material.