For courses in engineering and economics. Comprehensively blend engineering concepts with economic theory Contemporary Engineering Economics teaches engineers how to make smart financial decisions to create economical products. As design and manufacturing become an integral part of engineers' work, they are required to make more and more decisions regarding money. The 7th Edition helps students learn to think like a modern engineer who can incorporate elements of science, engineering, design, and economics into their work. With its comprehensive integration of economic theory and principles of engineering, this text helps students build sound skills in financial project analysis. Hallmark features of this title Chapter-opening vignettes discuss the global economy in terms of variety and scope of businesses, a topic extremely important for modern engineers. Chapter review questions regarding engineering in the service sector address the growing need for engineers in this area. Numerous Economic Decision problems include excel spreadsheet modeling techniques to offer a variety of "what-if" solutions to possible problems that could occur. End-of-chapter problems, short case study questions, fully worked-out examples, and carefully selected exam review appendix questions help students test their knowledge of key textual concepts and relate core ideas to the real world.