Contemporary Engineering Economics

The new edition of the bestselling text, Contemporary Engineering Economics, once again shows students the importance of how sound economic decision-making influences engineering design. Chan Park’s logical and comprehensive coverage of the subject enables students to be participants in projects requiring financial analysis. The text is noted for its clear and accessible explanations, examples, and problems which build students’ problems solving skills and confidence. By using an extensive set of engineering applications from a variety of disciplines, the author demonstrates the relevance and importance of engineering economics. The extensive use of computer tools underscores the textbook’s contemporary approach.

Dr. Chan S. Park is an Alumni Professor of Industrial & Systems Engineering at Auburn University. He holds industrial engineering degrees from Purdue University (M.S.) and the Georgia Institute of Technology (Ph.D.). He is a licensed professional engineer in the state of Florida.

Dr. Park has written numerous technical papers on economic decision analysis and manufacturing economics, and he is the co-author of Advanced Engineering Economics published by John Wiley and Sons (1990). He has received several research awards for his papers on economics, including the 1987 Alfred V. Bodine SME Award from the Society of Manufacturing Engineers for the best paper on machine tool economics; he is a two-time recipient of the Eugene L. Grant Award for the best paper published in The Engineering Economist (1990, 1991); and he has also received the Outstanding Publication Award from the Institute of Industrial Engineers (1991). Dr. Park has held office for the Institute of Industrial Engineers and the American Society of Engineering Education. He has been the manuscript editor for The Engineering Economist since 1987.