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Fundamentals of Engineering Economics
Author(s): Pravin Kumar (Author)
- Publisher: Wiley
- Publication Date: 1 Jan. 2012
- Language: English
- ISBN-10: B01LZQMVVS
- ISBN-13: 9788126580682
Book Description
Fundamentals of Engineering Economics highlights the importance of economics in engineering and helps engineers in financial decision making. It provides comprehensive coverage of the subject from basic principles to state-of-the-art concepts and applications. The coverage of the topics in this book is very wide, and every care has been made to cover maximum syllabi of all major universities and institutions in India.
This book is common to all students in engineering discipline and is very useful in evaluating the economic merits and demerits of various solutions to engineering problems. Moreover, readers from different backgrounds will find the material in this book easily understandable. Engineering problems may involve the decisions related to resources and their allocation. Engineering economics is closely associated with conventional microeconomics; but here, its focus is on problem solving at operational levels.
In this book, basic economics that are applicable in engineering education such as demand and supply, production function, introduction to micro- and macroeconomics have been incorporated besides the financial decision making.
This book is common to all students in engineering discipline and is very useful in evaluating the economic merits and demerits of various solutions to engineering problems. Moreover, readers from different backgrounds will find the material in this book easily understandable. Engineering problems may involve the decisions related to resources and their allocation. Engineering economics is closely associated with conventional microeconomics; but here, its focus is on problem solving at operational levels.
In this book, basic economics that are applicable in engineering education such as demand and supply, production function, introduction to micro- and macroeconomics have been incorporated besides the financial decision making.
