Fundamenals T Of Engineering Economics - Pearson fundamenals t of engineering economics third edition chan s. park engineering economy. ENGINEERING ECONOMY - M5zn. Engineering stocuntutensa.cf - Free download Ebook, Handbook, Textbook, User Guide PDF files on the internet quickly and. A E= mc 2 This eBook is downloaded from 1 www. ition ENGINEERING ECONOMY Se v e n th Ed ition ENGINEERING ECONOMY Leland Blank.
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Each life is unique and of inestimable value. Attempting to treat lives on the same basis as dollars is both cold-blooded and ridiculous.
Medical administrators, for example, do have a responsibility to save lives, and they have limited resources to meet this responsibility. If they are to apportion their resources rationally, they must be prepared to compare the results of different strategies.
To support the point of view that future lives saved should be discounted by some percentage in comparison with present lives, the following arguments might be offered: 1. Suppose we make the comparison fifty years in the future. If we spend our resources on traffic police, we will have saved the lives of those who would have died in accidents, and, because we spent the money that way, the world of fifty years hence will also contain the descendants of those who would have died.
So the total number of live humans will be increased by more than fifty. This argument assumes that creating a new life is of the same value as preserving an existing life. We do not usually accept that assumption; for example, many governments may promote population control by limiting the number of children born, but it would be unacceptable to control the population by killing off the old and infirm. To give another example, if I am accused of murder, it would not be an acceptable defence to argue that I have fathered two children, and have thus made a greater contribution to society than a law-abiding bachelor.
Just as I charge you interest on a loan because of the uncertainty of what might happen between now and the due date—you could go bankrupt, I could die, etc. For example, a cure for cancer could be discovered ten years from now, and then all the money spent on the anti-smoking campaign will have been wasted, when it could have been used to save lives lost in highway accidents.
We should not be counting numbers of lives, but years of human life. Thus it is better to spend the money on preventing accidents, because these kill people of all ages, while cancer and heart disease are mostly diseases of later Chapter 2 - Time Value of Money life; so more years of human life are saved by the first strategy.
The world population is growing. Thus, for humanity as a whole, losing a fixed number of lives can more easily be born in the future than it can now. There was a problem filtering reviews right now.
Please try again later. Paperback Verified download. I gave it a four star because the book is somewhat confusing due to the author's writing style. There's nothing wrong with the physical book. That earns a five star. And I bought the international edition, which is the same as the US edition, just paperback, cheaper, and printed on thinner paper. Content was identical to my classmate's book.
Writing style aside, this is probably the single most useful class I took in college.
I still use the book, and I've been out of college for a few years. Everything from student loans to house mortgage to everything in between. Hardcover Verified download. The organization method changes constantly.
They'll give you the actual equations that real people use but don't document the equations well enough to use without finding them explained 3rd party. Some words are bold, making you think they are key terms, never to be used again. Example problems don't provide enough explanation to understand without having studied and understood every chapter prior.
It gets the job done, but you will get sleepier than you ever have in your entire life trying to read it. Not really the books fault, just economics in general.
Helps a lot in the beginning of the class where you have no idea how anything works. Practice problems are pretty good too and paced well. It's hard to avoid a book that's mandatory for a class, but if you have other options I suggest you steer away from this one. I've never seen a more poorly written text book in both my undergrad and grad level courses!
This book is a complete disaster. It is a complete guessing game at how to arrive at the correct answer. I had to download this book for my class but do not plan on using it afterwards.
It is completely worthless! Covers look great but the spine was begingging to separate toward the back but no pages are falling out.
At some point, a previous owner wrote on several pages and attepted to erase it but only really managed to rub the ink away. This book shows a bit more ware than I would have liked, but it's a text book. Overall, this was a good download. Lecture slides for my class were good, so I basically never used it. But from when I did use it, it could be confusing at times but basically did what was needed.
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