Engineering Economics; Financial Decision Making for Engineers

Engineering Economics: Financial Decision Making for Engineers is designed for teaching a course on engineering economics to match engineering practice today. This book considers engineering economics a key part of an engineer’s decision-making mandate. Engineers are often are required by society to make responsible decisions on complex issues that have financial, economic, political and environmental elements. Engineering Economics covers the mathematics along with the context that allow engineers to make responsible decisions. Topics like accounting, business plans, public sector decision making, project management and risk and uncertainty are covered and linked to practical problems that are meaningful to the student’s personal life and professional future.

Employment for engineers has shifted from large corporations to smaller companies to entrepreneurial companies over the last 20 years. Through Niall Fraser’s consulting experience, this text has followed this trend over the years. The 6th edition includes new material focused on the entrepreneurial engineer, including a section on how to prepare a Business Plan.