Engineering Economy by Leland Blank and Anthony Tarquin

Engineering Economy by Leland Blank and Anthony Tarquin is a field that focuses on applying economic principles to evaluate and compare engineering projects and decisions. It involves analyzing costs, benefits, and alternatives over time to determine the most financially efficient options. The book provides tools and methods—like present worth, future value, and benefit-cost analysis—to help engineers and decision-makers choose projects that maximize value while considering factors such as investment, operating costs, and savings. Essentially, it enables rational, economically sound choices for engineering investments and designs.