Contemporary engineering economics / Chan S. Park.

Includes bibliographical references and index.

Engineering economic decisions -- Accounting and financial decision making -- Interest rate and economic equivalence -- Understanding money and its management --Present -worth analysis -- Annual equivalent-worth analysis -- Rate-of-return analysis -- Cost concepts relevant to decision making -- Depreciation and corporate taxes -- Developing project cash flows -- Inflation and its impact on project cash flows -- Project risk and uncertainty -- Real-options analysis -- Replacement decisions -- Capital-budgeting decisions -- Economic analysis in the service sector.

This book is intended for undergraduate engineering students taking the introductory engineering economics course at the university level. The third edition of Contemporary Engineering Economics has been thoroughly revised and updated while continuing to adopt a contemporary approach to the subject, and teaching, of engineering economics. This text aims not only to build a sound and comprehensive coverage of engineering economics, but also to address key educational challenges, such as student difficulty in developing the analytical skills required to make informed financial decisions.