Engineering solutions and financial decisions are intimately tied together. This is the first textbook for advanced engineering students on finance and financial decision making. It effectively offers an in-depth guide to the subject for practicing engineers and students. The book provides a framework for engineers and scientists to undertake financial evaluations and assessments of engineering or production projects. Demonstrating through case studies, the material covered enables the reader to understand how the economics of a technical project fit into the finances of the company. The book equips engineers and scientists with the tools to contribute positively to the financial and strategic decisions within the organization.
Dr Frank Crundwell BSc (Financial Maths), PhD (Chem. Eng.), has experience in academia (University of California, Berkeley; University of Cape Town; University of the Witwatersrand, Johannesburg), in technology development (BHP Billington) and corporate venture capital, and currently runs his own company (CM Solutions). He has been in involved in due diligence work, he has developed the business case for investment decisions, and he has patented and licensed inventions. He has also presented courses on Real Options Analysis and Finance for Professional Engineers for professionals.