Engineering Economics

This book provides a straightforward approach to explaining engineering economics that is appropriate for members of all of the major engineering disciplines. It includes real world engineering economic analysis examples, and provides the basic knowledge required for engineers to be able to perform engineering economic analyses for different potential alternative equipment, products, services, and projects in both the public and private sectors. It focuses on mastering the basic engineering economics formulas and their use on different types of engineering and construction projects, and includes numerous example problems and real world case studies.

J. K. Yates, PhD, BSCE, is a construction consultant, and former Professor and the Program Coordinator for the Construction Engineering Program in the Department of Civil Engineering at San Jose State University, as well as having been the associate editor of the Project Management Institute's (PMI) Project Management Journal for ten years. Dr. Yates has extensive hands-on experience working globally for companies such as Bechtel, Williams Engineering, CH2M Hill Consulting Engineers, and Morrison- Knudsen. A member of the American Society of Civil Engineers, PMI, and the American Association of Cost Engineers International, Dr. Yates has published over forty-five refereed journal articles on construction engineering, project management, and international engineering and construction. Dr. Yates was awarded the Ron Brown Presidential Award for Industry-Education Partnership, May 2000, and was also awarded by President Clinton for research collaboration with the Hewlett Packard Foundation. Dr. Yates also received the President's Special Recognition Award, December 1996, awarded by the president of San Jose State University. The Associated General Contractors (AGC) selected Dr. Yates as the Outstanding Educator in Construction in America in 1997, and the Engineering News-Record selected Dr. Yates as One of Those Who Made Their Mark in Construction in 1991.