Contemporary Engineering Economics – Chan S. Park – 4th Edition


This is aimed at undergraduates who took the introductory course in Engineering. The fourth edition of Contemporary Engineering has been completely revised and updated while taking a contemporary to the subject, and teaching engineering.
This text aims not only to create a solid and comprehensive coverage of economic engineering, but also to address the main educational challenges, such as difficulty for to develop the analytical skills necessary to make .

Table of Content

Part I: Basics of Financial Decisions
Chapter 1: Engineering Economic Decisions
Chapter 2: Understanding Financial Statement
Chapter 3: Interest Rate and Economic Equivalence
Chapter 4: Understanding Money and Its Management

Part II: Evaluation of Business and Engineering Assets
Chapter 5: Present worth Analysis
Chapter 6: Annual worth Analysis
Chapter 7: Rate of Return Analysis

Part III: Analysis of Project Cash Flows
Chapter 8: Estimating Project Cost Elements
Chapter 9: Depreciation and Corporate Taxes
Chapter 10: Developing Project Cash Flows

Part IV: Handling Risk and Uncertainty in Economic Analysis
Chapter 11: Inflation and Its Impact on Project Cash Flows
Chapter 12: Sensitivity and Risk Analysis
Chapter 13: Real Options Analysis

Part V Special Topics in Engineering Economic Analysis
Chapter 14: Replacement Analysis
Chapter 15: Capital Budgeting Decisions
Chapter 16: Economic Analysis in Service Sector

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