Risk Analysis in Engineering and Economics is required reading for decision making under conditions of uncertainty. The author describes the fundamental concepts, techniques, and applications of the subject in a style tailored to meet the needs of students and practitioners of engineering, science, economics, and finance. Drawing on his extensive experience in uncertainty and risk modeling and analysis, the author covers everything from basic theory and key computational algorithms to data needs, sources, and collection. He emphasizes practical use of the methods presented and carefully examines the limitations, advantages, and disadvantages of each to help readers translate the discussed techniques into real-world solutions. This Second Edition: Introduces the topic of risk finance Incorporates homeland security applications throughout Offers additional material on predictive risk management Includes a wealth of new and updated end-of-chapter problems Delivers a complementary mix of theoretical background and risk methods Brings together engineering and economics on balanced terms to enable appropriate decision making Presents performance segregation and aggregation within a risk framework Contains contemporary case studies, such as protecting hurricane-prone regions and critical infrastructure Provides 320+ tables and figures, over 110 diverse examples, numerous end-of-book references, and a bibliography Unlike the classical books on reliability and risk management, Risk Analysis in Engineering and Economics, Second Edition relates underlying concepts to everyday applications, ensuring solid understanding and use of the methods of risk analysis.

Advanced Engineering Economics, Second Edition, provides an integrated framework for understanding and applying project evaluation and selection concepts that are critical to making informed individual, corporate, and public investment decisions. Grounded in the foundational principles of economic analysis, this well-regarded reference describes a comprehensive range of central topics, from basic concepts such as accounting income and cash flow, to more advanced techniques including deterministic capital budgeting, risk simulation, and decision tree analysis. Fully updated throughout, the second edition retains the structure of its previous iteration, covering basic economic concepts and techniques, deterministic and stochastic analysis, and special topics in engineering economics analysis. New and expanded chapters examine the use of transform techniques in cash flow modeling, procedures for replacement analysis, the evaluation of public investments, corporate taxation, utility theory, and more. Now available as interactive eBook, this classic volume is essential reading for both students and practitioners in fields including engineering, business and economics, operations research, and systems analysis.

Fundamentals of Engineering Economic Analysis offers a powerful, visually-rich approach to the subject—delivering streamlined yet rigorous coverage of the use of economic analysis techniques in engineering design. This award-winning textbook provides an impressive array of pedagogical tools to maximize student engagement and comprehension, including learning objectives, key term definitions, comprehensive case studies, classroom discussion questions, and challenging practice problems. Clear, topically—organized chapters guide students from fundamental concepts of borrowing, lending, investing, and time value of money, to more complex topics such as capitalized and future worth, external rate of return, deprecation, and after-tax economic analysis. This fully-updated second edition features substantial new and revised content that has been thoroughly re-designed to support different learning and teaching styles. Numerous real-world vignettes demonstrate how students will use economics as practicing engineers, while plentiful illustrations, such as cash flow diagrams, reinforce student understanding of underlying concepts. Extensive digital resources now provide an immersive interactive learning environment, enabling students to use integrated tools such as Excel. The addition of the WileyPLUS platform provides tutorials, videos, animations, a complete library of Excel video lessons, and much more.

This undergraduate and graduate textbook provides a practical and comprehensive overview of reliability and risk analysis techniques. Written for engineering students and practicing engineers, the book is multi-disciplinary in scope. The new edition has new topics in classical confidence interval estimation; Bayesian uncertainty analysis; models for physics-of-failure approach to life estimation; extended discussions on the generalized renewal process and optimal maintenance; and further modifications, updates, and discussions. The book includes examples to clarify technical subjects and many end of chapter exercises. PowerPoint slides and a Solutions Manual are also available.

Invitation to Linear Algebra is an informative, clearly written, flexible textbook for instructors and students. Based on over 30 years of experience as a mathematics professor, the author invites students to develop a more informed understanding of complex algebraic concepts using innovative, easy-to-follow methods. The book is organized into lessons rather than chapters. This limits the size of the mathematical morsels that students must digest, making it easier for instructors to budget class time. Each definition is carefully explained with detailed proofs of key theorems, including motivation for each step. This makes the book more flexible, allowing instructors to choose material that reflects their and their students’ interests. A larger than normal amount of exercises illustrate how linear and nonlinear algebra apply in the students’ areas of study. Features The book’s unique lesson format enables students to better understand algebraic concepts Students will learn key elements of linear algebra in an enjoyable fashion Large number of exercises illustrate the applications of the course material Allows instructors to create a course around individual lessons Detailed solutions and hints are provided to selected exercises

A Tour Through Graph Theory introduces graph theory to students who are not mathematics majors. Rather than featuring formal mathematical proofs, the book focuses on explanations and logical reasoning. It also includes thoughtful discussions of historical problems and modern questions. The book inspires readers to learn by working through examples, drawing graphs and exploring concepts. This book distinguishes itself from others covering the same topic. It strikes a balance of focusing on accessible problems for non-mathematical students while providing enough material for a semester-long course. Employs graph theory to teach mathematical reasoning Expressly written for non-mathematical students Promotes critical thinking and problem solving Provides rich examples and clear explanations without using proofs

A Bridge to Higher Mathematics is more than simply another book to aid the transition to advanced mathematics. The authors intend to assist students in developing a deeper understanding of mathematics and mathematical thought. The only way to understand mathematics is by doing mathematics. The reader will learn the language of axioms and theorems and will write convincing and cogent proofs using quantifiers. Students will solve many puzzles and encounter some mysteries and challenging problems. The emphasis is on proof. To progress towards mathematical maturity, it is necessary to be trained in two aspects: the ability to read and understand a proof and the ability to write a proof. The journey begins with elements of logic and techniques of proof, then with elementary set theory, relations and functions. Peano axioms for positive integers and for natural numbers follow, in particular mathematical and other forms of induction. Next is the construction of integers including some elementary number theory. The notions of finite and infinite sets, cardinality of counting techniques and combinatorics illustrate more techniques of proof. For more advanced readers, the text concludes with sets of rational numbers, the set of reals and the set of complex numbers. Topics, like Zorn’s lemma and the axiom of choice are included. More challenging problems are marked with a star. All these materials are optional, depending on the instructor and the goals of the course.