The 4th edition of this text continues to be a comprehensive, authoritative and interesting resource for introductory and advanced courses in Engineering Economics, usually offered by industrial and civil engineering departments. However, this new edition has streamlined the material into 16 accessible, readable chapters. The sequence of chapters flows through: fundamentals required for economic analysis; structural procedures for performing those analyses; specific considerations for the public sector; depreciation and income tax considerations; inflation considerations; advanced concepts, including risk and decision analysis. An emphasis on a clear, interesting writing style with numerous examples and review exercises offsets traditional ideas that the subject matter can be dull.