Principles and practices of engineering and industrial economics / [edited by] M. Hossain Ali.

Format:

• Book

Contributor:

• Ali, M. Hossain.

Series:

• Engineering tools, techniques and tables.
• Economic issues, problems and perspectives series.
• Engineering tools, techniques and tables
• Economic issues, problems and perspectives

Language:

English

Subjects (All):

• Engineering economy.
• Industrial organization (Economic theory).

Physical Description:

1 online resource (198 p.)

Place of Publication:

Hauppauge, N.Y. : Nova Science Publishers, Inc., 2013.

Language Note:

English

Summary:

Every dollar an executive proposes to spend or proposes not to spend has to be subjected to economic decision making. Expenditure and investment proposals can be for cost reduction or income expansion. In some cases, both may be realized. For both the proposals, economic decision making is essential. The goal of equipment selection in a business system is acceptable financial efficiency, not engineering efficiency. The engineering economic analysts test the profitability of a proposed operation, or choose the best option among the existing alternatives. The book Principles and Practices of Engineering & Industrial Economics covers issues ranging from project formulation steps - through data collection, costing of project, detail financial analysis, decision rules, risk analysis and environmental considerations to model study for financial and scenario analysis for decision making.

Contents:

• Concept, need, and role of engineering economics
• Fundamentals and applications of economic theories
• Data sources, demand forecasting, and cost estimation for project analysis
• Fundamentals and theories of financial analysis for project evaluation
• Indicators and decision rules for project selection among alternatives
• Risks and uncertainties in engineering projects
• Time for equipment replacement
• Models and softwares in economic and financial analysis.

Notes:

• Description based upon print version of record.
• Includes bibliographical references and index.
• Description based on print version record.

ISBN:

1-62417-605-4