Decision Analysis books provide all the necessary concepts of capital investment evaluation, capital budgeting, and decision analysis. They take the reader step-by-step through the decision-making process, providing comprehensive coverage of all decision analysis tools currently available while outlining how investment decisions are made under different stages of risk. Further, he focuses on practical application, using a straightforward approach with solved “real-life” examples and solutions, end-of-chapter problems, and illustrations throughout the book.
In the updated second edition, M. A. Mian has expanded and updated the first volume by incorporating new advancements and clarifying concepts to facilitate their understanding. The book presents a balanced blend of theoretical concepts and their practical utility. New to the second edition is a section on netback pricing and indexed netback pricing. Additionally, the new edition expands the weighted average cost of capital (WACC) concept for better comprehension and to recognize its weakness in practice. The concept of unit technical cost, also known as long-run marginal cost (LRMC), has been expanded as well to aid with its calculation and application. Included is a re-written and expanded section on international economics (fiscal systems).
Features & Benefits
Explain the ever-expanding role of economics in prudent capital investment decision-making.
Assist readers in developing a knowledgeable vocabulary of the terms associated with economic analysis.
Review the procedures used in preparing capital investment evaluations and decision analysis.
Relate the new vocabulary and knowledge to some specific problems.
Present ways of interpreting estimates that include uncertainty (i.e., converting probabilistic description into a measure of profitability).
Provide solid hands-on experience with capital investment evaluation and decision analysis.
Expanded spreadsheet applications sections to elaborate MS Excel’s capabilities
Companion CD with applications, spreadsheets, and tables that expand the practical application of the book’s material
Audience
Engineers
Geologists
Accountants
Financial Analysts
Anyone who seeks to understand how, or relies upon, energy markets
Petroleum Engineering
Chemical Engineering
Chemical Engineering
Reviews
There are no reviews yet.