ENGINEERING ECONOMICS, SECOND EDITION: Edition 2

Name: ENGINEERING ECONOMICS, SECOND EDITION: Edition 2
Rating: 4.142857074737549 (7 reviews)

PANNEERSELVAM, R.

Oct 2013 · PHI Learning Pvt. Ltd.

7 reviews

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352

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About this ebook

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.

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Ratings and reviews

7 reviews

Trichy Suren

April 16, 2017

Very useful.... But no amount...😥😥

1 person found this review helpful

vemavarapu venkatesh

March 25, 2017

Nice book for Beginners and usefull book for Engineering & MBA students.

2 people found this review helpful

Kajal Kaiwart

May 24, 2022

Me xx xx xx xx

About the author

R. PANNEERSELVAM, Ph.D., is former Professor of the Department of Management Studies, School of Management, Pondicherry University, Pondicherry. He has been the Chairman of Computer Society of India (Pondicherry Chapter) and carried out overseas consultancy for CEMS, Malaysia. His area of expertise includes computer systems, quantitative methods and operations management. With 39 years of teaching and research experience, including his service at College of Engineering, Anna University, Chennai, he has authored thirteen other well-established books, including Production and Operations Management, Operations Research, Design and Analysis of Algorithms, System Simulation, Modelling and Languages (twelve published by PHI Learning and one published by Cengage Learning). Besides, he has also published more than 100 research articles in leading national and international journals, and Conference proceedings.

R. PANNEERSELVAM, Ph.D., is former Professor of the Department of Management Studies, School of Management, Pondicherry University, Pondicherry. He has been the Chairman of Computer Society of India (Pondicherry Chapter) and carried out overseas consultancy for CEMS, Malaysia. His area of experti...

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