Engineering Economy : Book Review

"Engineering Economy: Applying Theory to Practice" by Gerald J. Thuesen is a must-have book for engineering students and professionals. This book effectively bridges the gap between theoretical concepts and real-world applications, providing a valuable resource for understanding the economic aspects of engineering projects.

Thuesen's book covers all the essential topics in engineering economy, including the time value of money, cash flow analysis, and cost estimation. The author presents the material in a clear and organized manner, making it easy for readers to grasp the fundamental principles and apply them in their own work.

One of the strengths of this book is its focus on practical examples and case studies. Thuesen provides numerous real-world scenarios to demonstrate how engineering economy concepts are put into practice. This approach helps readers understand the direct relevance of the subject matter and enhances their ability to apply the principles to their own projects.

Additionally, Thuesen goes the extra mile by including software tools and spreadsheets to facilitate calculations and analysis. He provides step-by-step instructions on how to use these tools effectively, allowing readers to streamline their decision-making processes and increase efficiency in their engineering projects.

Overall, "Engineering Economy: Applying Theory to Practice" is highly recommended for anyone involved in engineering or related fields. Thuesen's expertise shines through in his thorough explanations and practical examples, making this book an invaluable resource for enhancing understanding and application of engineering economics. Whether you are a student looking to expand your knowledge or a seasoned professional seeking to improve your decision-making skills, this book is sure to be beneficial to your engineering journey.

What are readers saying?

The book "Engineering Economy" written by Gerald J. Thuesen has garnered a range of reviews that are not completely positive. While some readers have praised the book for its comprehensive coverage of the subject matter and clear explanations, others have expressed their dissatisfaction with its outdated examples and lack of practical applications.

Many reviewers appreciate the book's thoroughness in covering the principles of engineering economy. They find the content to be well-organized and the explanations to be clear and concise. Readers commend Thuesen for providing a solid foundation in understanding the fundamentals of engineering economy, which makes it accessible to both students and professionals.

However, several reviewers have criticized the book for its reliance on outdated examples and lack of real-world applications. They argue that in order to fully grasp the concepts, more contemporary and relevant examples should have been included. Some readers feel that the book focuses too heavily on theory and lacks practical guidance, which makes it less useful for solving real-life engineering problems.

Furthermore, while some readers find the book informative and engaging, others have expressed difficulty in fully understanding the concepts due to the writing style. Some reviewers perceive the language to be overly technical, making it challenging to comprehend and apply the knowledge. They believe that simplified explanations could have enhanced the readability of the book.

Despite the criticisms, many reviewers agree that "Engineering Economy" serves as a valuable resource for students and professionals studying engineering economics. The book provides a solid introduction to the subject matter, and its comprehensive approach is appreciated by those seeking a detailed understanding of engineering economy principles.

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