Economic decision analysis / W. J. Fabrycky and G. J. Thuesen

Includes bibliographical references and index.

Chapter 1. Formulation Economic Decision -- Chapter 2. Some Basic Economic Concepts -- Chapter 3. Estimating Economic Element -- Chapter 4. Interest and Economic Equivalence -- Chapter 5. Methods for Comparing Alternatives -- Chapter 6. Evaluating Replacement Alternatives -- Chapter 7. Accounting, Depreciation, and Income Taxes -- Chapter 8. Evaluating Public Activities -- Chapter 9. Treatment of Estimates -- Chapter 10. Decision Making Involving Risk -- Chapter 11. Decision Making Under Uncertainty -- Chapter 12. Models and Economic Modeling -- Chapter 13. Break-Even Decision Models -- Chapter 14. Minimum Cost Decision Models -- Chapter 15. Linear Programming Models.

Matters of national and international economic concern such as taxation, inflation, and the balance of payments are subjects that normally lead to considerable debate. However, when it comes to the economic analysis of specific internal operations of business and industry, the bases for disagreement seem to diminish. Much credit for this is due to the recently accumulated body of systematic knowledge about economic decision making developed by applied economists, operations researchers, management scientists, and others. This second edition of Economic Decision Analysis, like its predecessor, presents methods and techniques of analysis for optimizing the economic outcome of managerial decisions. The observation that economic criteria are of primary importance in most decision situations provides ample justification for the book's consideration by decision makers in professional practice as well as decision makers in training.