Engineering economics is one of the most practical subject matters in the engineering
curriculum. but it is always challenging and an ever-changing discipline.
Contemporary Engineering Economics (CEE) was first published in 1993, and since
then we have tried to reflect changes in the business world in each new edition,
along with the latest innovations in education and publishing. These changes have
resulted in a better, more complete textbook, but one that is much longer than it was
originally intended. This may present a problem: today, covering the textbook in a
single term is increasingly difficult. Therefore, we decided to create Fundamentals of
Engineering Economics (FEE) for those who like Fundanzentals but think a smaller,
more concise textbook would better serve their needs.
This text aims not only to provide sound and comprehensive coverage of the concepts
of engineering economics, but also to address the practical concerns of engineering
economics. More specifically, this text has the following goals:
1. To build a thorough understanding of the theoretical and conceptual basis
upon which the practice of financial project analysis is built.
2. To satisfy the very practical needs of the engineer toward making informed
financial decisions when acting as a team member or project manager for
an engineering project.
3. To incorporate all critical decision-making tools-including the most contemporary,
computer-oriented ones that engineers bring to the task of making
informed financial decisions.
4. To appeal to the full range of engineering disciplines for which this course
is often required: industrial, civil, mechanical, electrical, computer, aerospace,
chemical, and manufacturing engineering, as well as engineering
technology.