John Vail Farr,Isaac Faber
Engineering Economics of Life Cycle Cost Analysis
Engineering Economics of Life Cycle Cost Analysis
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Engineering has changed dramatically in the last century, with modern computing systems, instant communication, elimination of low/mid management, increased complexity, and efficient supply chains. This book provides the methods, processes, and tools needed to conduct cost analysis, estimation, and management of complex systems, focusing on systems life costing and offering real-life examples.
Format: Paperback / softback
Length: 356 pages
Publication date: 31 March 2021
Publisher: Taylor & Francis Ltd
Engineering has undergone a remarkable transformation in the past century, driven by the advent of modern computing systems, instantaneous communication, the elimination of low/mid-management tiers, increased complexity, and highly efficient supply chains. These developments have significantly impacted the responsibilities of engineers at all levels. Looking ahead, the future will demand cost-effective systems that are not only secure but also interconnected, software-centric, and complex. To meet these demands, employees at all levels must possess the ability to develop accurate cost estimates based on robust cost analysis.
Against this backdrop, this textbook emerges as a valuable resource, providing the methods, processes, and tools essential for conducting cost analysis, estimation, and management of complex systems. It goes beyond the realm of basic engineering economics, incorporating materials such as simulation-based costing and presenting a comprehensive perspective on cost estimation, analysis, and management from a total ownership cost standpoint.
The textbook offers a wealth of real-life examples to illustrate its concepts and applications, making it relatable and practical for engineering students and professionals alike. Additionally, it is accompanied by an excel-based textbook, comprehensive problems, and PowerPoint slides, providing a comprehensive learning experience. Furthermore, the author offers a website with downloadable excel solutions, further enhancing the textbook's utility and accessibility.
In summary, this textbook is a crucial resource for anyone seeking to excel in the field of cost analysis, estimation, and management of complex systems. By offering a comprehensive and practical approach, it equips readers with the skills and knowledge needed to navigate the evolving landscape of engineering and contribute to the development of more efficient, secure, and sustainable systems.
Weight: 699g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367780746
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