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This seventh edition of Engineering Economy presents a crisp, bold new design using color to highlight important concepts, terms, and equations. There are new features, new topics, and new online tools; yet no compromise on coverage, examples, or the well-accepted writing style of previous editions. Check out the Preface for an overview of What's New and What's Best. Examples, problems, and case studies target many engineering challenges including energy, ethics, the environment, and the world's changing economics. Key Features Several chapters feature an in-depth problem statement at the beginning of the chapter with follow-up examples throughout the sections of the chapter. Expanded information and solution approaches help the learner understand different techniques of decision making on real-world problems. Integrally tied to the learning outcomes of a chapter, improved case studie challenge students to look at real world issues in areas such as energy, ethics financing, and investing. Approximately 90% of the end-of-chapter problems have been revised or are ne to this edition. About The Author Leland Blank, P.E., Texas A & M University American University of Sharjah, United Arab Emirates Anthony Tarquin. P.E., University of Texas at El Paso Table Of Contents Learning Stage 1--The Fundamentals Foundations 1. Of Engineering Economy 2. Factors: How Time and Interest Affect Money 3. Combining Factors and Spreadsheet Functions 4. Nominal and Effective Interest Rates Learning Stage 2--Basic Analysis Tools 5. Present Worth Analysis 6. Annual Worth Analysis 7. Rate of Return Analysis: One Project 8. Rate of Return Analysis: Multiple Alternatives 9. Benefit/Cost Analysis and Public Sector Economics Learning Stage 2--Epilogue-Selecting the Basic Analysis Tool Learning Stage 3--Making Decisions 10. Project Financing and Noneconomic Attributes 11. Replacement and Retention Decisions 12. Independent Projects With Budget Limitation 13. Breakeven and Payback Analysis Learning Stage 4--Rounding Out the Study 14. Effects of Inflation 15. Cost Estimation and Indirect Cost Allocation 16. Depreciation Methods 17. After-Tax Economic Analysis 18. Sensitivity Analysis and Expected Value Decisions 19. More on Variation and Decision Making Under Risk