Engineering Economy

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Basics of Engineering

Economy

Leland Blank, P. E.

Dean Emeritus

American University of Sharjah

United Arab Emirates

and

Professor Emeritus

Industrial and Systems Engineering

Texas A&M University

Anthony Tarquin, P. E.

Professor

Civil Engineering

University of Texas—EI Paso

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BASICS OF ENGINEERING ECONOMY

Published by McGraw-Hill, a business unit of The McGraw-Hill Companies, Inc., 1221

Avenue of the Americas, New York, NY 10020. Copyright © 2008 by The McGraw-Hill

Companies, Inc. All rights reserved. No part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the

prior written consent of The McGraw-Hill Companies, Inc., including, but not limited to, in

any network or other electronic storage or transmission, or broadcast for distance learning.

Some ancillaries, including electronic and print components, may not be available to customers

outside the United States.

This book is printed on acid-free paper.

2 3 4 5 6 7 8 9 0 Blank/Farquin 0 9 8

ISBN 978–0–07–340129–4

MHID 0–07–340129–3

Global Publisher: Raghothaman Srinivasan

Executive Editor: Michael Hackett

Director of Development: Kristine Tibbetts

Developmental Editor: Lorraine K. Buczek

Executive Marketing Manager: Michael Weitz

Senior Project Manager: Kay J. Brimeyer

Senior Production Supervisor: Sherry L. Kane

Associate Design Coordinator: Brenda A. Rolwes

Cover/Interior Designer: Studio Montage, St. Louis, Missouri

Compositor: Aptara

Typeface: 10/12 Times Roman

Printer: R. R. Donnelley Crawfordsville, IN

(USE) Cover Image: Transportation Market: © Simon Fell/Getty Images; Balancing Time and

Money: © Randy Allbritton/Getty Images; Freeway Interchange: © PhotoLink/Getty Images;

Construction: © Digital Vision/PunchStock; Offshore Oil Rig: © Royalty-Free/CORBIS

Library of Congress Cataloging-in-Publication Data

Blank, Leland T.

Basics of...