Finance for Engineers [electronic resource] : Evaluation and Funding of Capital Projects / by Frank Kenneth Crundwell.Material type: TextLanguage: English Publisher: London : Springer London, 2008Description: XXIV, 622 p. online resourceContent type: text Media type: computer Carrier type: online resourceISBN: 9781848000339Subject(s): Engineering | Mechanical engineering | Industrial engineering | Engineering economy | Civil engineering | Technology | Engineering | Engineering Economics, Organization, Logistics, Marketing | Technology Management | Operations Research/Decision Theory | Mechanical Engineering | Civil Engineering | Industrial and Production EngineeringAdditional physical formats: Printed edition:: No titleDDC classification: 658.5 LOC classification: TA177.4-185Online resources: Click here to access online
Foundations -- An Overview of the Evaluation and Financing of Capital Projects -- The Theory and Practice of Decision-making Concerning Capital Projects -- Financial Statements -- Cash Flows for a Project -- Evaluation of Capital Projects -- Time Value of Money -- Evaluation Criteria for Investment Decisions -- Mutually Exclusive, Replacement and Independent Projects -- Practical Issues in the Evaluation of Projects . -- Sensitivity, Scenario and Other Decision Analysis Techniques -- Case Studies on the Application of the Decision-making Criteria -- Risk Assessment -- Risk and Return -- Cost of Capital -- Risk in Engineering Projects -- Decision Tree Analysis and Utility Theory -- Real Options Analysis -- Financing of Capital Projects -- Sources of Finance -- Financing Engineering Projects.
Engineering solutions and financial decisions are intimately tied together. The best engineers combine the technical and financial cases in determining new solutions to opportunities, challenges and problems. In order to get a project approved, no matter its size, the financials must be clear and compelling. To have an impact on the company’s performance, a practising engineer must learn to argue the business case as part of the technical solution. Finance for Engineers: Evaluation and Funding of Capital Projects provides a framework for engineers and scientists to undertake financial evaluations and assessments of engineering or production projects. The material covered enables the reader to understand how the economics of a technical project affects the finances of the company. The integration of the technical and financial decision-making is demonstrated through case studies and examples relevant to the practising engineer. The book equips engineers and scientists with the tools to contribute positively to the financial and strategic decisions within the organization.