As the world shifts to a greater reliance on digital media, it is appropriate that this text evolves as well. This seventh edition is the first fully digital version of Engineering Economics. Instructors and students will find that, although the medium has changed, the content is fully consistent with prior editions.
Canadian engineers have a unique set of circumstances that warrant a text with a specific Canadian focus. Canadian firms make decisions according to norms and standards that reflect Canadian views on social responsibility, environmental concerns, and cultural diversity. This perspective is reflected in the content and tone of much of the material in this text.
Engineering Economics: Financial Decision Making for Engineers is designed for teaching a course on engineering economics, and intended to match engineering practiced in Canada today. It recognizes the role of the engineer as a decision maker who has to make and defend sensible recommendations. Such choices must not only take into account a correct assessment of costs and benefits, they must also reflect an understanding of the environment in which the decisions are made.
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