Includes bibliographical references and index.

Investment choice -- equivalence -- interest and financial mathematics -- present worth -- annual worth -- the benefit/cost ratio -- the internal rate of return -- multiple alternatives -- the effect of income tax on economic analysis -- inflation -- risk -- loans -- capital budgeting -- the cost of capital -- retirement and replacement -- sector analysis and viewpoint -- sensitivity analysis.

Designed for the core course in engineering economics, this text provides an introduction to the field. It focuses on central concepts, with practical examples complementing the explanations. A disk (for use with Lotus, Excel or Quatro) contains solutions to selected examples from the text.