The purpose of this course is to familiarize students in understanding the evaluation methods of engineering investment alternative analysis by way of lectures, case study, and academic-paper discussions. The content includes cost concepts and economic analysis principles, various evaluation methods for engineering investment analysis, depreciation and after-tax economic analysis, inflation and price changes analysis, replacement analysis, measuring the cost of capital, risk and uncertainty analysis, capital financing and allocation, multiple attributes decision analysis, linear programming for engineering economy, engineering economy for project production.