ISBN 9788120348370,Engineering Economics

Engineering Economics



PHI learning Pvt Ltd

Publication Year 2013

ISBN 9788120348370

ISBN-10 8120348370


Edition 2nd
Number of Pages 352 Pages
Language (English)


Designed as a textbook for undergraduate students in various engineering disciplines-Mechanical, Civil, Industrial Engineering, Electronics Engineer-ing and Computer Science-and for postgraduate students in Industrial Engineering and Water Resource Management, this comprehensive and well-organized book, now in its Second Edition, shows how complex economic decisions can be made from a number of given alternatives. It provides the managers not only a sound basis but also a clear-cut approach to making decisions. These decisions will ultimately result in minimizing costs and/or maximizing benefits. What is more, the book adequately illustrates the concepts with numerical problems and Indian cases. While retaining all the chapters of the previous edition, the book adds a number of topics to make it more comprehensive and more student friendly. What's New to This Edition • Discusses different types of costs such as average cost, recurring cost, and life cycle cost.  • Deals with different types of cost estimating models, index numbers and capital allowance.  • Covers the basics of nondeterministic decision making.  • Describes the meaning of cash flows with probability distributions and decision making, and selection of alternatives using simulation.  • Discusses the basic concepts of Accounting. This book, which is profusely illustrated with worked-out examples and a number of diagrams and tables, should prove extremely useful not only as a text but also as a reference for those offering courses in such areas as Project Management, Production Management, and Financial Management.