Summary

Describes important and useful project evaluation and selection concepts and techniques that have developed over the past twenty years. These concepts and techniques--essential in making individual, corporate and public investment decisions--are presented in an integrated framework based upon traditional engineering economics principles. Four main sections--Basic Concepts and Techniques in Economics Analysis, Deterministic Analysis, Stochastic Analysis, Special Topics--cover a wide variety of subjects, including: accounting income, interest, inflation, the use of tranforms in cash-flow modeling, depreciation and corporate taxation, investment worth, utility theory, decision tree analysis and much more. A number of analysis techniques for public investments are described and decision rules for selecting among multiple alternatives are given. Features numerous case studies, illustrative examples, tables and end-of-chapter questions.