Every day, a new technology and engineering advances unfold. The tried-and-tested principles and techniques of engineering economy provide sound and effective evaluation for decision-making on New and challenging discoveries and innovations. Fundamentals such as the time value of money, international currencies, inflation and variation in economy-related estimates are treated throughout this text in simple-to understand language using realistic examples, problems and cases. There are new topics such as ethics and staged decision making are included in the book.