Engineering Economics: Financial Decision Making for Engineers¿ is designed for teaching a course on engineering economics to match engineering practice today. It recognizes the role of the engineer as a decision maker who has to make and defend sensible decisions. Such decisions must not only take into account a correct assessment of costs and benefits, they must also reflect an understanding of the environment in which the decisions are made. The 5th edition has new material on project management in order to adhere to the CEAB guidelines as well the new edition will have a new spreadsheet feature throughout the text.
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Dr. Elizabeth Jewkes, lead author on this edition, is a professor and both Chair of Management Science & Acting Chair of Computing at the University of Waterloo.
Niall Fraser, formerly an engineering professor at the University of Waterloo, is now retired and operates a consulting firm.
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