This state-of-the-art guide offers a balanced and clear presentation of topics essential to understanding the basics of engineering economy. Using a highly lucid approach that incorporates an abundance of example problems and solutions. Techniques for risk and uncertainty in capital investment analyses. Advanced topics pertinent to the study of analytical investment decision methodologies. New material on cost estimating and deterministic estimating techniques; revenue requirement method and analyses for public organizations; sudden failure replacement problems; and capital planning and budgeting. Ideal as a reference source for those in the engineering and engineering management industry.