Engineering Economy

This text on the current economic issues particular to engineering deals with the topics needed to analyze engineering alternatives. In this edition the chapters on factor derivation and usage, cost estimation, replacement studies and after-tax evaluation have been heavily revised. New material is included on public sector projects and cost estimation. A reordering of chapters puts the fundamental topics up front in the text. Students and practising professionals are given a solid preparation in the financial understanding of engineering problems and projects, as well as the techniques needed for evaluating and making sound economic decisions. Distinguishing characteristics include learning objectives for each chapter, an easy-to-read writing style, many solved examples, integrated spreadsheets and case studies throughout the text. Graphical cross-referencing between topics and quick-solve spreadsheet solutions are indicated in the margin throughout the text. While the chapters are progressive, over three-quarters can stand alone, allowing instructors flexibility for meeting course needs.
New and revised problems have been added that reflect a variety of engineering disciplines and utilize spreadsheets. The book will have an online learning centre, which will offer additional homework problems, Excel spreadsheet problems, FE exam questions and lab exercises. The number of case studies has been doubled from the previous edition. Shorter cases, called "extended exercises" present a third homework option between the in-depth case studies and the chapter problems.