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Principles and Practices of Engineering and Industrial Economics

Principles and Practices of Engineering and Industrial Economics - Engineering Tools, Techniques and Tables

Hardback (14 May 2013)

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Publisher's Synopsis

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.

About the Publisher

Nova Science Publishers

NOVA publishes a wide array of books and journals from authors around the globe.

Book information

ISBN: 9781624175961
Publisher: Nova Science Publishers Inc
Imprint: Nova Science Publishers
Pub date:
DEWEY: 338.5
DEWEY edition: 23
Language: English
Number of pages: 160
Weight: 510g
Height: 260mm
Width: 183mm
Spine width: 16mm