In most cases of civil engineering development, a range ofalternative schemes meeting project goals are feasible, sosome form of evaluation must be carried out to select the mostappropriate to take forward. Evaluation criteria usually includethe economic, environmental and social contexts of a project aswell as the engineering challenges, so engineers must be familiarwith the processes and tools used.
The second edition of Engineering Project Appraisalequips students with the understanding and analytical tools tocarry out effective appraisals of alternative development schemes,using both economic and non-economic criteria. The building blocksof economic appraisal are covered early, leading to techniques suchas net present worth, internal rate of return and annual worth.Cost Benefit Analysis is dealt with in detail, together withrelated methods such as Cost Effectiveness and the Goal AchievementMatrix. The text also details three multi-criteria models whichhave proved useful in the evaluation of proposals in thetransportation, solid waste, energy and water resources fields: theSimple Additive Weighting (SAW) Model, the Analytic HierarchyProcess (AHP) technique and Concordance Analysis. There is a fulldiscussion dealing with risk and uncertainty in thesemodels.
With many worked examples and case studies, EngineeringProject Appraisal is an essential text for both undergraduateand postgraduate students on professional civil engineeringcourses, and it is expected that students on planning andconstruction management courses will find it a valuable addition totheir reading.