Automation and Control Systems Economics, 2nd Edition

Appendix A: Suggested Readings and Study Materials

Engineering Economy Textbooks

Eschenbach, T., 2003. Engineering Economy: Applying Theory to Practice. Oxford University Press.

Park, C.S., 2002. Contemporary Engineering Economics ( 3d ed.). Prentice-Hall.

Sullivan, W.S. et al, 2006. Engineering Economy ( 13th ed.). Prentice-Hall.

Van Home, J. C., 2004. Fundamentals of Financial Management ( 12th ed.). Englewood Cliffs, NJ: Prentice-Hall. Also see http://www.tandf.co.uk/journals/titles/0013791x.asp, the website of The Engineering Economist.

Capital Budgeting

Clark, J. J.; Hindelang, T. H.; and Pritchard, R. E., 1989. Capital Budgeting ( 3d ed.). Englewood Cliffs, NJ: Prentice-Hall.

Hertz, D. B., 1964. "Risk Analysis in Capital Investment." Harvard Business Review, 42, pp. 95 106.

Cost Estimation

American Association for the Advancement of Cost Engineering Web page, http://www.aacei.org.

Matley, Jay, 1979. Modern Cost Engineering: Methods and Data. New York: Chemical Engineering McGraw-Hill.

Benefit Estimation

Farmer, E. J., 1984. Modernizing Control Systems. Research Triangle Park, NC: Instrument Society of America.

Hanley, J. P., 1993. "A Strategic Focus for Process Control." ISA Transactions 32, 1, pp. 45 49.

Latour, P. W., 1976. "The Hidden Benefits from Better Process Control." ISA paper 76-528, presented at ISA/76.

Martin, G. D.; Turpin, L. E.; and Cline, R. P., 1991. "Estimating Control Function Benefits." Hydrocarbon Processing 70, 6, pp. 68 73.

Risk Estimation...

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