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


This is intended for undergraduate taking the introductory engineering course at the level.

The fourth edition of Contemporary 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 and comprehensive coverage of engineering economics, but also to address key educational challenges, such as difficulty in developing the analytical skills required to make informed financial decisions.

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  • 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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