Decision making among alternatives

1. Evaluate Engineering Projects

2. Present-Worth Analysis

3. Comparing Mutually Exclusive Projects

4. Annual Equivalence Analysis

5. Rate of Return Analysis

6. Benefit-Cost Analysis

• Incremental Rate of Return Analysis - Engineering Economics - hand calculations and Excel (12:44) http://www.youtube.com/watch?v=uItgyCkLh7g

• Ardalan, A., 2000. Economic & Financial Analysis for Engineering & Project Management, Technomic Pub. Co., Lancaster, PA. [658.152 A67][EBSCOhost ebook]
• Kreith, F. and Goswami, D. Y. (eds.), 2005. The CRC Handbook of Mechanical Engineering, 2nd ed., Chapter 17 Engineering Economics and Project Management, CRC Press, Boca Raton, FL. [621 C9][book via ENGnetBASE]
• Newnan, D. G., Lavelle, J. P. and Eschenbach, T. G., 2009. Engineering Economic Analysis, 10th ed., Oxford University Press, New York. [ebook via Knovel]
• Park, C. S., 2011. Contemporary Engineering Economics, 5th ed., Pearson Education, Boston, Mass. [658.15 P23 c]
  
• Park, C. S., 1997. Contemporary Engineering Economics, 2nd ed., Addison-Wesley, Menlo Park, CA. [658.15 P23 c]