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CONTEMPORARY ENGINEERING ECONOMICS By CHAN S. PARK Third Edition, Prentice Hall, Upper Saddle River, New Jersey, 2002, xxxi + 920 pp. ISBN 0-13-089310-2. List: $102.00.
In this third edition of Contemporary Engineering Economics, Chan Park has provided a nice text for an introductory course in engineering economics. Some reorganization has been done since the second edition and additional material has been added, and the net result of these changes is a more polished and clearly better third edition.
This text is divided into five parts, each of several chapters, as follows: Financial and Cost Information (Chapters 1 - 3); Money and Investing (Chapters 4 - 6); Evaluating Business and Engineering Assets (Chapters 7 - 9); Development of Project Cash Flows (Chapters 10 - 13); and Special Topics in Engineering Economics (Chapters 14 - 17). The seventeen chapters are titled: 1. Engineering Economic Decisions; 2. Understanding Financial Statements; 3. Cost Concepts and Behaviors; 4. Time is Money; 5. Understanding Money and Its Management; 6. Principles of Investing; 7. Present Worth Analysis; 8. Annual Equivalent Worth Analysis; 9. Rate of Return Analysis; 10. Depreciation; 11. Corporate Income Taxes; 12. Developing Project Cash Flows; 13. Inflation and Its Impact on Project Cash Flows; 14. Project Risk and Uncertainty; 15. Replacement Decisions; 16. Capital Budgeting Decisions; 17. Economic Analysis in the Public...