Engineering Economics in Canada (2nd Edition)

Appropriate for a one- or two-term course in engineering programs at universities and colleges across Canada.This book is designed for teaching a course on engineering economics that reflects engineering practice in Canada today. It recognizes the role of the engineer as a decision maker who has to make and defend sensible decisions. Such decisions must take into account not only a correct assessment of costs and benefits, but also must reflect an understanding of the environment in which the decisions are made. This multicriteria decision-making approach provides an important context for using the mathematical tools of engineering economics.