Book description
Engineering Economy is meant as an introductory course for undergraduate students, and it explains and demonstrates the principles and techniques of engineering economic analysis as applied in different fields of engineering.
Table of contents
- Cover
- Title Page
- Contents
- About the Authors
- Foreword
- Preface
-
1 - Engineering Economy: A Prologue
- 1.1 - Consumer and Producer Goods and Services
- 1.2 - Necessities, Luxuries, and Relation between Price and Demand
- 1.3 - Competition or Market Structure
- 1.4 - Relation between Total Revenue and Demand
- 1.5 - Cost Concepts
- 1.6 - Relationship between Cost and Volume
- 1.7 - The Law of Supply and Demand
- 1.8 - The Law of Diminishing Marginal Returns
- 2 - Fundamentals of Mathematics and Engineering Economics
-
3 - Elementary Economic Analysis
- 3.1 - Theory of the Firm
- 3.2 - Law of Supply
- 3.3 - Meaning of Production
- 3.4 - Concept of Isoquants
- 3.5 - Marginal Rate of Technical Substitution
- 3.6 - The Elasticity of Substitution
- 3.7 - Iso-cost Line
- 3.8 - Producer's Surplus
- 3.9 - Cost Minimization
- 3.10 - Returns to Scale and Returns to Factor
- 3.11 - Cost Theory and Estimation
- 3.12 - Profits
- 3.13 - Market Structure and Degree of Competition
-
4 - Interest Formulae and their Applications
- 4.1 - Introduction
- 4.2 - Why Return to Capital is Considered?
- 4.3 - Interest, Interest Rate and Rate of Return
- 4.4 - Simple Interest
- 4.5 - Compound Interest
- 4.6 - The Concept of Equivalence
- 4.7 - Cash Flow Diagrams
- 4.8 - Terminology and Notations/Symbols
- 4.9 - Interest Formula for Discrete Cash Flow and Discrete Compounding
- 4.10 - Interest Formulae Relating an Arithmetic Gradient Series to Its Present and Annual Worths
- 4.11 - Interest Formulae Relating a Geometric Gradient Series to Its Present and Annual Worth
- 4.12 - Uniform Series with Beginning-of-Period Cash Flows
- 4.13 - Deferred Annuities or Shifted Uniform Series
- 4.14 - Calculations Involving Uniform Series and Randomly Placed Single Amounts
- 4.15 - Calculations of Equivalent Present Worth and Equivalent Annual Worth for Shifted Gradients
- 4.16 - Calculations of Equivalent Present Worth and Equivalent Annual Worth for Shifted Decreasing Arithmetic Gradients
- 4.17 - Nominal and Effective Interest Rates
- 4.18 - Interest Problems with Compounding More Often than Once per Year
-
5 - Methods for Making Economy Studies
- 5.1 - Introduction
- 5.2 - Basic Methods
- 5.3 - Present Worth (P.W.) Method
- 5.4 - Future Worth (F.W.) Method
- 5.5 - Annual Worth (A.W.) Method
- 5.6 - Internal Rate of Return (I.R.R.) Method
- 5.7 - External Rate of Return (E.R.R. ) Method
- 5.8 - Explicit Reinvestment Rate of Return (E.R.R.R.) Method
- 5.9 - Capitalized Cost Calculation and Analysis
- 5.10 - Payback (Payout) Method
-
6 - Selection Among Alternatives
- 6.1 - Introduction
- 6.2 - Alternatives Having Identical Disbursements and Lives
- 6.3 - Alternatives Having Identical Revenues and Different Lives
- 6.4 - Alternatives Having Different Revenues and Identical Lives
- 6.5 - Alternatives Having Different Revenues and Different Lives
- 6.6 - Comparison of Alternatives by the Capitalized Worth Method
- 6.7 - Selection among Independent 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 - Project Management
- 12.1 - Introduction
- 12.2 - Phases of Project Management
- 12.3 - Bar or Gantt Charts
- 12.4 - Network Analysis Technique
- 12.5 - Critical Path Method (CPM)
- 12.6 - Guidelines for Drawing Network Diagrams or Arrow Diagrams
- 12.7 - CPM Calculations
- 12.8 - Calculation of the Earliest Occurrence Time of Events
- 12.9 - Calculation of the Latest Occurrence Time of Events
- 12.10 - Activity Times
- 12.11 - Float
- 12.12 - Identification of Critical Path
- 12.13 - Programme Evaluation and Review Technique (PERT)
- 12.14 - Project Crashing
- 13 - Value Engineering
- 14 - Forecasting
- Appendix A
- Appendix B
- Appendix C
- Bibliography
- Copyright
Product information
- Title: Engineering Economy
- Author(s):
- Release date: March 2012
- Publisher(s): Pearson India
- ISBN: 9788131763872
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