Principles of Engineering Economics with Applications

Delivers a comprehensive textbook for a single-semester course in engineering economics/engineering economy for undergraduate engineering students.

Zahid A. Khan (Author), Arshad N. Siddiquee (Author), Brajesh Kumar (Author), Mustufa H. Abidi (Author)

9781108458856, Cambridge University Press

Paperback / softback, published 18 October 2018

540 pages
23.9 x 18.3 x 2.2 cm, 0.69 kg

Covering detailed discussion of fundamental concepts of economics, the textbook commences with comprehensive explanation of theory of consumer behavior, utility maximization and optimal choice, profit function, cost minimization and cost function. The textbook covers methods including present worth method, future worth method, annual worth method, internal rate of return method, explicit re-investment rate of return method and payout method useful for studying economic studies. A chapter on value engineering discusses important topics such as function analysis systems techniques, the value index, value measurement techniques, innovative phase and constraints analysis in depth. It facilitates the understanding of the concepts through illustrations and solved problems. This text is the ideal resource for Indian undergraduate engineering students in the fields of mechanical engineering, computer science and engineering and electronics engineering for a course on engineering economics/engineering economy.

Preface
Acknowledgement
Dedication
1. Engineering economy: a prologue
2. Fundamentals of mathematics and engineering economics
3. Elementary economic analysis
4. Interest formulas and their applications
5. Methods for making economy studies
6. Selection among alternatives
7. Replacement and retention decisions
8. Depreciation
9. Economic evaluation of public sector projects
10. Economy study with inflation considered
11. Make or buy decision
12. Cost estimation and its methods
13. Project management
14. Value engineering
15. Forecasting
Reference
Index.

Subject Areas: Computer science [UY], Electronics engineering [TJF], Mechanical engineering [TGB]