This extensively revised comprehensive textbook, covering a wide range of topics, is suitable for courses at the graduate and undergraduate levels, each with a different emphasis. There is more than enough material to cover two semesters of an undergraduate course, as well as a one semester graduate course. The pedagogy provides enough flexibility for an instructor to teach the topics in systems engineering she or he would like. Systems Engineering with Economics, Probability and Statistics, Second Edition is sufficiently broad-based for undergraduate and graduate programs in various branches of engineering and management.