Publisher's Synopsis
This new edition of the widely-used engineering economics text employs a cash-flow approach to economic theory, and prepares the reader to systematically perform economic justification of capital investments in a real-world setting. It stresses learning by example, with real-life cases. Updated and revised to reflect current practice, this text covers before- and after-tax analyses, cost of capital, including the effects of inflation on capital investment, and public sector economics.
