The fourth edition of Contemporary Engineering Economics has been thoroughly revised and updated while continuing to adopt a contemporary approach to the subject, and teaching, of engineering economics. This text aims not only to build a sound and comprehensive coverage of engineering economics, but also to address key educational challenges, such as student difficulty in developing the analytical skills required to make informed financial decisions.

About the Author:

Dr. Chan S. Park is an Alumni Professor of Industrial & Systems Engineering at Auburn University. He holds industrial engineering degrees from Purdue University (M.S.) and the Georgia Institute of Technology (Ph.D.). He is a licensed professional engineer in the state of Florida.

Dr. Park has written numerous technical papers on economic decision analysis and manufacturing economics, and he is the co-author of Advanced Engineering Economics published by John Wiley and Sons (1990). He has received several research awards for his papers on economics, including the 1987 Alfred V. Bodine SME Award from the Society of Manufacturing Engineers for the best paper on machine tool economics; he is a two-time recipient of the Eugene L. Grant Award for the best paper published in The Engineering Economist (1990, 1991); and he has also received the Outstanding Publication Award from the Institute of Industrial Engineers (1991). Dr. Park has held office for the Institute of Industrial Engineers and the American Society of Engineering Education. He has been the manuscript editor for The Engineering Economist since 1987.

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