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 | | Engineering Economy (McGraw-Hill Series in Industrial Engineering and Management) by Leland T Blank, Anthony Tarquin ISBN-10: 9780073205342 ISBN-10: 0-07-320534-6 ISBN-13: 9780073205342 ISBN-13: 978-0-07-320534-2 Hardcover 2004-12-16 McGraw-Hill Science/Engineering/Math Find Lowest Price |
Editorials | ||
Book Description This student-friendly text on the current economic issues particular to engineering covers the topics needed to analyze engineering alternatives. Students use both hand-worked and spreadsheet solutions of examples, problems and case studies. In this edition the options have been increased with an expanded spreadsheet analysis component, twice the number of case studies, and virtually all new end-of-chapter problems. The chapters on factor derivation and usage, cost estimation, replacement studies, and after-tax evaluation have been heavily revised. New material is included on public sector projects and cost estimation. A reordering of chapters puts the fundamental topics up front in the text. Many chapters include a special set of problems that prepare the students for the Fundamentals of Engineering (FE) exam. This text provides students and practicing professionals with a solid preparation in the financial understanding of engineering problems and projects, as well as the techniques needed for evaluating and making sound economic decisions. Distinguishing characteristics include learning objectives for each chapter, an easy-to-read writing style, many solved examples, integrated spreadsheets, and case studies throughout the text. Graphical cross-referencing between topics and quick-solve spreadsheet solutions are indicated in the margin throughout the text. While the chapters are progressive, over three-quarters can stand alone, allowing instructors flexibility for meeting course needs. A complete online learning center (OLC) offers supplemental practice problems, spreadsheet exercises, and review questions for the the Fundamentals of Engineering (FE) exam. | ||
Reviews | ||
Worst Engineering Text I've Had Yet The Blank-Tarquin Engineering Economy Text is the worst I've encountered in my undergrad studies. Instead of clarifying, illustrating, and simplying - it befuddles, complicates, and obfuscates the subject. An additional frustration is for example, is in the 6th edition, which I had the misfortune to have to buy, doesn't have a single answer in the back to aid a student in learning. In short, if your course uses this awful text, drop it immediately, or you'll be in for one miserable semester. | ||
Ridiculous I think there is probably a chance that this is the most poorly written textbook I've ever encountered. I was going to hold off giving it a bad review until I got through the class, but at this rate I'm not even totally sure I will. I've just re-read the difference between nominal and effective interest for (no hyperbole) the 10th time, and I'm no closer to understanding it. Bad examples, useless derivations, poor explaining. I only wish I could give it a zero. | ||
Helped me earn an A I don't understand where all of the negative reviews are coming from. The 6th edition of this textbook was used in my Financial Aspects of Engineering class my final semester. Officially it is a 400 level course, but in reality it is more like a 200 level course. I literally skipped half of the lectures (remember, it was my final semester) and still earned an A in the class. I think grades were based on a bell curve like most engineering courses, so it's not like everyone received an A. Since I missed so many lectures, I had to rely very heavily on the textbook to learn the material. I sold the book after the course was over to get some quick cash, but I'm regretting it. I can't remember anything now, and the subject matter of this textbook is starting to be more relevant in my personal and professional lives, so I'm going to buy it again. I highly recommend it as a reference and introduction to real world economic and financial problems. | ||
"How to make a good student want to drop out of college" As someone who loves to learn, this is the most incomplete, illogically written textbook I've ever encountered. As a disclaimer, usually I have better things to do than review books online for complete strangers, but thankfully I can vent here, or I may have been compelled to use it to shatter my living room window, which wouldn't be good. At best, it meanders back and forth between actual formulas and their complementary Excel formulas, which leaves the reader wondering why they should learn the real thing when Excel can do it for them anyway; but its Excel teachings follow the incomplete style of the book, so there's little chance of improving your Excel skills either. To be fair, on page 671 it lets you in on a brilliant secret: that you can obtain help from Excel by "left-clicking" on the help bar...but even fails to mention the F1 key...par for the course! At worst, the questions at the end of each chapter (which affect ones GPA and entire future) vary just enough with the examples in the chapter, that it is impossible for the student to solve them without using outside means, like contacting the professor 24/7 which I may have to. If you think I'm being unfair or have any bias, I'll put it to you this way: Suppose you had never driven a car before, and I wrote a book on how to open the door, turn the key, put it in drive, etc. and then gave you an exam on how to rebuild the engine. I'm so disgusted with this book, I'd rather be spending this semester in North Korea, where I'd definitely learn more. | ||
Horrible Book This book doesn't explain anything. It just shows a bunch of formulas and doesn't give any hint about when and how to use them one. One of the worst textbooks I've encountered in college (and I'm in my last semester). I wholeheartedly agree with all the negative feedback. | ||