Contemporary Engineering Economics 4th Edition by Chan S. Park

The fourth 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. This textbook provides a comprehensive introduction to engineering economics, focusing on the financial decision-making processes involved in engineering projects. It covers fundamental concepts such as time value of money, interest rates, cost analysis, depreciation, and economic analysis of alternatives. The fourth edition incorporates contemporary economic trends and challenges, making it relevant to modern engineering practice. It is designed to equip students with the skills to make informed financial decisions in engineering projects.