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ENGINEERING ECONOMICS 2e (pb) 2014
Author: R. PANNEERSELVAM
ISBN: 9788120348370
Year: 2014
Publisher: PRENTICE-HALL OF INDIA PRIVATE LIMITED
Category: FINANCIAL MANAGEMENT
Edition: 2
Format: Paperback
Language: English
Pages: 352
 ABOUT THE TITLE
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.


Author: ANNEERSELVAM, R.
R. PANNEERSELVAM, Ph.D., is 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 more than 35 years of teaching and research experience, including his service at College of Engineering, Anna University, Chennai, he has authored eleven other well-established books, including Design and Analysis of Algorithms, System Simulation, Modelling and Languages (all published by PHI Learning). Besides, he has also published about 100 research articles in leading national and international journals, and Conference proceedings.

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