Engineering Economics for Aviation and Aerospace

by Bijan Vasigh, Javad Gorjidooz

Overview

It is essential for all engineers and practitioners to have a fundamental understanding of cost structure, estimating cash flows, and evaluating alternative projects and designs on an economic basis. Engineering Economics for Aviation and Aerospace provides the tools and techniques necessary for engineers to economically evaluate their projects and choices.

Offering a comprehensive understanding of the theory and practical applications of engineering economics, this book explains and demonstrates the principles and techniques of engineering economics and financial analysis as applied to the aviation and aerospace industries. The authors use time value of money, interest, and Microsoft Excel functions to evaluate the cash flows associated with a single project or multiple projects. They use different engineering economics tools to evaluate individual projects or select the best of multiple alternatives.

Fully updated to reflect the latest information on, and practical insights into, the field of engineering economics, this second edition of Engineering Economics for Aviation and Aerospace continues to provide students of aviation and industrial economics, as well as practitioners, with the necessary mathematical knowledge to evaluate alternatives on an economic basis.

Product Details

ISBN-13:	9781032745428
Publisher:	Taylor & Francis
Publication date:	06/02/2025
Edition description:	2nd ed.
Pages:	512
Product dimensions:	6.88(w) x 9.69(h) x (d)

About the Author

Bijan Vasigh is President and Founder of Aviation Consulting Group and Professor of Economics and Finance in the College of Business at Embry-Riddle Aeronautical University, Daytona Beach, Florida, USA.

Javad Gorjidooz is Professor of Finance and Chair of the Business Administration Program in the School of Business at Embry-Riddle Aeronautical University, Prescott, Arizona, USA.

Table of Contents

1. Introduction to the Air Transport Industry 2. Foundations of Engineering Economics and Finance 3. Annuities and Gradient Series 4. Nominal and Effective Interest Rates 5. Present Worth Analysis 6. Annual Worth Analysis 7. Rate of Return Analysis 8. Public-Sector Projects and Cost–Benefit Analysis 9. Breakeven and Payback Period 10. Engineering Cost Estimation 11. Financial Statements 12. Analyzing Financial Performance 13. Uncertainty, Risk Analysis, and Simulation 14. Depreciation, Replacement, and Abandonment 15. Fundamentals of Decision Theory. Appendices.