Provides an understanding of the principles, basic concepts and methodology of engineering economy. Built upon the teaching materials of earlier editions, the text is revised and updated to up-to-date trends and issues, with an emphasis on the economics of engineering design throughout. Colour throughout, this edition adds visual impact with boxed inserts and half-tone shading, and has revised a large portion of the 500+ end-of chapter exercises, and integrated numerous exercises throughout the text involving open-ended problem statements and iterative problem-solving skills.