This text investigates the core principles of engineering economics and the systematic evaluation of the costs and benefits of technical projects. The authors, Donald Newnan, Ted G. Eschenbach, and Jerome P. Lavelle, utilize their extensive academic and professional backgrounds to provide a comprehensive framework for decision-making in engineering environments. The book presents methodologies for comparing alternatives, analyzing cash flows, and accounting for the time value of money in complex industrial contexts.

Experts and educators frequently identify this work as a foundational text for undergraduate engineering curricula. Readers often note the academic density of the prose and the rigorous application of mathematical models to practical engineering problems.