Engineering Economics: Financial Decision Making for Engineers, 8th edition

Published by Pearson Canada (March 6, 2025) © 2026

  • Niall M. Fraser Open Options Corporation , University of Waterloo
  • Ketra Schmitt Concordia University

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Title overview

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.

Table of contents

  1. Engineering Decision Making
  2. Time Value of Money
  3. Cash Flow Analysis
  4. Comparison Methods: Part 1
  5. Comparison Methods: Part 2
  6. Financial Accounting and Business Plans
  7. Replacement Decisions
  8. Taxes
  9. Inflation
  10. Public Sector Decision Making
  11. Project Management
  12. Dealing With Uncertainty And Risk
  13. Qualitative Considerations and Multiple Criteria

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