Economic Decision Analysis

Series
Prentice Hall
Author
W.J. Fabrycky / G.J. Thuesen / D. Verma  
Publisher
Pearson
Cover
Softcover
Edition
3
Language
English
Total pages
384
Pub.-date
October 1997
ISBN13
9780133702491
ISBN
0133702499
Related Titles


Product detail

Product Price CHF Available  
9780133702491
Economic Decision Analysis
214.30 approx. 7-9 days

Description

Appropriate for courses in Business, Engineering or Managerial Economics, Agricultural and Forest Economics, and Engineering Technology Economics.

This applied text is suitable for both students and practitioners. Revised structure of the text provides a streamlined evolution of concepts and principles, while preserving the strengths of the previous edition.

Features

  • Enhanced coverage throughout the text:
    • Includes a better discussion of non-economic criteria and benefits in the decision making process.

    • Discusses practical examples illustrating the application of economic decision analysis to the service industry.

    • Includes robust discussion of decision making through the use of graphical displays and subjectivity.

    • Includes a new chapter discussing loans, bonds, working capital, exchange rates and equity. (Ch. 9)

    • Devotes a new chapter to estimates and decision making, including a treatment of learning curves.

    • Extends economic decision models to include the production function.

Table of Contents

I. INTRODUCTION.

 1. Formulating Economic Decisions.
 2. Some Basic Economic Concepts.
 3. Estimating Economic Elements.

II. EVALUATING DECISION ALTERNATIVES.

 4. Interest and Economic Equivalence.
 5. Comparing Decision Alternatives.
 6. Economic Aspects of Inflation.
 7. Evaluating Replacement Alternatives.
 8. Evaluating Public Activities.

III. FINANCE, ACCOUNTING, AND TAXES.

 9. Economic Aspects of Finance.
10. Accounting and Depreciation Accounting.
11. Income-Tax Considerations.

IV. ESTIMATES, RISK, AND UNCERTAINTY.

12. Adjustment Estimated Elements.
13. Estimates and Decision Making.
14. Decision Making Involving Risk.
15. Decision Making Under Uncertainty.

V. ECONOMIC DECISION MODELS.

16. Models and Economic Modeling.
17. Break-Even Economic Models.
18. Models for Economic Optimization.

VI. APPENDICES.

Appendix A. Interest Factor Tables.
Appendix B. Effective Interest Rates.
Appendix C. Selected References.
Index.