In most cases of civil engineering development, a range of
alternative schemes meeting project goals are feasible, so some
form of evaluation must be carried out to select the most
appropriate to take forward. Evaluation criteria usually include
the economic, environmental and social contexts of a project as
well as the engineering challenges, so engineers must be familiar
with the processes and tools used.
The second edition of "Engineering Project Appraisal" equips
students with the understanding and analytical tools to carry out
effective appraisals of alternative development schemes, using both
economic and non-economic criteria. The building blocks of economic
appraisal are covered early, leading to techniques such as net
present worth, internal rate of return and annual worth. Cost
Benefit Analysis is dealt with in detail, together with related
methods such as Cost Effectiveness and the Goal Achievement Matrix.
The text also details three multi-criteria models which have proved
useful in the evaluation of proposals in the transportation, solid
waste, energy and water resources fields: the Simple Additive
Weighting (SAW) Model, the Analytic Hierarchy Process (AHP)
technique and Concordance Analysis. There is a full discussion
dealing with risk and uncertainty in these models.
With many worked examples and case studies, "Engineering Project
Appraisal" is an essential text for both undergraduate and
postgraduate students on professional civil engineering courses,
and it is expected that students on planning and construction
management courses will find it a valuable addition to their
reading.
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