Principles of Engineering Economics

Author: Qian S. Park
Publisher:
Publish Date: 2004-07-01
Features: This book can serve as a textbook for undergraduate and graduate students, as well as MBA students, in various engineering disciplines at higher education institutions. It is also suitable for professionals engaged in engineering economic analysis. The book not only accurately covers all the content of engineering economics but also focuses on its practical applications in real-world scenarios. The book is divided into four parts, comprising 13 chapters. The first three parts discuss money and its management, asset valuation, and the application of project cash flows, respectively. The fourth part emphasizes the analysis of specific issues in engineering economics. At the beginning of each chapter, the book describes how individual decision-makers or companies think about and make actual economic decisions related to the topics discussed in that chapter. Starting with case studies highlights the relevance and practicality of the material, which can better engage students' interest compared to dry technical content.