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Principles of Engineering Economics with Applications

2nd Edition


  • Date Published: October 2018
  • availability: In stock
  • format: Paperback
  • isbn: 9781108458856

£ 67.99

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

    • Provides a comprehensive discussion of topics including project management, forecasting and value engineering
    • Concepts have been explained in a lucid manner with the help of real-life examples
    • Numerous solved problems and unsolved exercises are included in each chapter
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    Product details

    • Edition: 2nd Edition
    • Date Published: October 2018
    • format: Paperback
    • isbn: 9781108458856
    • length: 540 pages
    • dimensions: 239 x 183 x 22 mm
    • weight: 0.69kg
    • availability: In stock
  • Table of Contents

    1. Engineering economy: a prologue
    2. Fundamentals of mathematics and engineering economics
    3. Elementary economic analysis
    4. Interest formulas and their applications
    5. Methods for making economy studies
    6. Selection among 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. Cost estimation and its methods
    13. Project management
    14. Value engineering
    15. Forecasting

  • Authors

    Zahid A. Khan, JMI, New Delhi
    Zahid A. Khan is Professor, Department of Mechanical Engineering, Jamia Millia Islamia University, New Delhi, India. He received his Ph.D. in 2001 from Jamia Millia Islamia University. His research interest includes optimization of design and manufacturing processes parameters, Artificial Neural Network (ANN) and fuzzy modeling and environmental ergonomics. He has published more than 90 articles in journals of national and international repute.

    Arshad N. Siddiquee, JMI, New Delhi
    Arshad Noor Siddiquee is Professor, Department of Mechanical Engineering, Jamia Millia Islamia University, New Delhi. He received his Ph.D. from the Indian Institute of Technology, Delhi. His research areas are materials structure property correlation, welding engineering, machining and optimization of design and process parameters using fuzzy modeling. He has published more than 75 articles in national and international journals. He served as Assistant Director of All India Council of Technical Education (AICTE) from 2005–07.

    Brajesh Kumar, NIFM, Faridabad, India
    Brajesh Kumar is currently serving as an Associate Professor at the National Institute of Financial Management (NIFM), Faridabad. He has more than 17 years of teaching, training consultancy and research experience. His areas of interest include mathematical economics, business economics, managerial economics, computer applications in economics, research methodology and econometrics. He has published several papers in journals of national and international repute.

    Mustufa H. Abidi, King Saud University, Saudi Arabia
    Mustufa H. Abidi is a researcher, Industrial Engineering Department, King Saud University. His areas of research include application of virtual reality techniques for sustainable product development, Flexible Manufacturing Systems, Micro-Manufacturing, Human-Computer Interaction, additive manufacturing, and Reverse engineering. He has been teaching courses on Design of Experiments, Simulation modeling, Product Design and Development at King Saud University.

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