This text addresses the fundamental question of how to apply economic analysis to engineering decision-making processes. Park provides a comprehensive framework for evaluating the financial viability of engineering projects, utilizing standard accounting principles and mathematical models to assist students and professionals in cost estimation and capital budgeting.

Experts and educators frequently cite this work as a standard reference for undergraduate engineering curricula. Readers often note the technical density of the material, which requires a solid foundation in algebra to fully grasp the presented economic models.