Principles of Engineering Economics with Applications, 2nd Edition

Book Description

Covering detailed discussion of fundamental concepts of , the textbook commences with comprehensive explanation of 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 discusses important topics such as function systems techniques, the value index, value measurement techniques, innovative phase and constraints 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, science and engineering and engineering for a course on engineering economics/engineering economy.

Book Details

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