Economic Evaluation and Investment Decision Methods (10th Edition)

This text is an introduction to the concepts of time value of money and the related decision criteria used to evaluate investments. The text examples and problems provide the reader with a comprehensive approach to evaluating the economic equivalence of both income-producing and service-producing alternatives on a before and after tax basis, and then properly applying the findings.

Each chapter introduces new concepts and illustrates each with examples. At the end of each chapter are a number of problems designed to provide the reader with an opportunity to explore the calculations on their own. The solutions for each of these problems are available in the Problem Solutions Manual which also explores Excel applications and the use of financial calculators to solve various exercises.

While the text has a number of examples from the oil and gas and mining industry, it is written with a number of generic scenarios that make it applicable for students in all engineering disciplines as well as those involved in geology, geophysics, business, accounting, finance, management, operations research and anyone interested in economic evaluation issues.

Franklin J. Stermole, B.S., M.S., Ph.D., Chemical Engineering, Iowa State University, is Professor Emeritus of Mineral Economics and Chemical and Petroleum Refining at Colorado School of Mines, where he has taught since 1963. John M Stermole, B.S.B.A., Finance, University of Denver and M.S., Mineral Economics, Colorado School of Mines. John has taught as a Lecturer at Colorado School of Mines for the Departments of Mineral Economics and Chemical Engineering since 1988 and as an Adjunct Professor at The University of Denver, College of Law in the Natural Resources and Environmental Law Program. John served as a Fellow to the Institute for Global Resources Policy at Colorado School of Mines and co-authored the 1st Edition of the Global Mining Taxation Comparative Study. Combined, both authors have presented more than 850 Economic Evaluation short courses to more than 18,500 people from mineral, petroleum, and non-mineral companies and government agencies all over the world.