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Engineering Economics

J. Earl Foster, University of Illinois at Chicago
This book was developed for the undergraduate course which is required at the University of Illinois at Chicago for some engineering undergraduate curricula. The author has taught the course for over ten years and has honed and shaped the text to develop financial knowledge and confidence in students in a most important and sometimes overlooked area.
The coverage is over such topics as the time value of money, evaluating engineering projects, inflation and financial instruments such as stocks and bonds. Cost estimating is treated as well as an introduction to corporate taxation.
A chapter on probabilistic economic analysis is included which was found to satisfactorily meet ABET statistical requirements for engineering undergraduates. This was deemed acceptable for both mechanical and civil engineering students.
Instructors/solutions manual available to instructors.