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.
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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.
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Delivers a comprehensive textbook for a single-semester course in engineering economics/engineering economy for undergraduate engineering students.
Produktdetaljer
ISBN
9781108458856
Publisert
2018-10-18
Utgave
2. utgave
Utgiver
Vendor
Cambridge University Press
Vekt
690 gr
Høyde
239 mm
Bredde
183 mm
Dybde
22 mm
Aldersnivå
UU, 05
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
540