Engineering Economics And Costing

Author : Mishra Sasmita
Publisher : PHI Learning Pvt. Ltd.
Page : 339 pages
File Size : 51,8 Mb
Release : 2011-08
Category : Business & Economics
ISBN : 9788120341678

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Engineering Economics and Costing by Mishra Sasmita Pdf

This substantially revised and updated edition of Engineering Economics and Costing continues to build on the fundamental principles and applications of the subject. Divided into three parts: Part I, Engineering Economics; Part II, Financial System; and Part III, Cost Accounting, the text discusses, in a simple and easy-to-understand language, such topics as interest formulas and their applications, and various methods, for example, the present worth method of comparison, future worth method, annual equivalent method, and the rate of return method. It also includes, in its Appendix, interest tables for a wide range of interest rates (0.25-50%) and for a period ranging from one year to 100 years. These tables, along with the topics discussed, will help students of both Engineering and MCA in evaluating engineering projects. What is New to This Edition: Chapter 2 gives a distinction between Microeconomics and Macroeconomics. Chapter 2 also explains the concept of income elasticity, cross elasticity of demand, and elasticity of substitution. At the end Chapter 3, a variety of simple numerical problems with solutions are given to illustrate the concepts discussed. Chapter 8 provides more examples illustrating the various aspects of break-even analysis. While the book is intended primarily as a text for B.Tech. and MCA courses of Biju Patnaik University of Technology (BPUT), Orissa, it would also be highly useful for BE/B.Tech. students of other universities/institutes. Besides, practising engineers and project consultants making economic decision analysis would find this well-organized book immensely valuable. What the Reviewer Says: The book is very clear in exposition of the concepts and theories of Economics. I am confident that it will be extremely helpful to the engineering students. --Dr. NIRMAL CHANDRA SAHU Professor, Postgraduate Department of Economics Berhampur University, Orissa

Author : Courtland A. Collier,Charles R. Glagola
Publisher : Prentice Hall
Page : 742 pages
File Size : 45,8 Mb
Release : 1998
Category : Business & Economics
ISBN : UOM:39015045692608

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Engineering Economic and Cost Analysis by Courtland A. Collier,Charles R. Glagola Pdf

Engineering Economic and Cost Analysis is a practical introduction for those engineering students and professional practitioners who are new to the study of engineering economics.

Author : John Vail Farr,Isaac Faber
Publisher : CRC Press
Page : 382 pages
File Size : 47,5 Mb
Release : 2018-10-17
Category : Education
ISBN : 9780429881220

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Engineering Economics of Life Cycle Cost Analysis by John Vail Farr,Isaac Faber Pdf

Engineering has changed dramatically in the last century. With modern computing systems, instantaneous communication, elimination of low/mid management, increased complexity, and extremely efficient supply chains, all have dramatically affected the responsibilities of engineers at all levels. The future will require cost effective systems that are more secure, interconnected, software centric, and complex. Employees at all levels need to be able to develop accurate cost estimates based upon defensible cost analysis. It is under this backdrop that this book is being written. By presenting the methods, processes, and tools needed to conduct cost analysis, estimation, and management of complex systems, this textbook is the next step beyond basic engineering economics. Features Focuses on systems life cycle costing Includes materials beyond basic engineering economics, such as simulation-based costing Presents cost estimating, analysis, and management from a total ownership cost perspective Offers numerous real-life examples Provides excel based textbook/problems Offers PowerPoint slides, Solutions Manual, and author website with downloadable excel solutions, etc.

Author : John Vail Farr,Isaac J. Faber
Publisher : CRC Press
Page : 413 pages
File Size : 55,6 Mb
Release : 2023-06-30
Category : Technology & Engineering
ISBN : 9781000894844

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Engineering Economics of Life Cycle Cost Analysis by John Vail Farr,Isaac J. Faber Pdf

The rise of the information age and the digital economy has dramatically changed engineering and other technology-driven fields. With tremendous advances in computing and communication systems, major organizational upheavals, all fueled by complexity, globalization, short cycle times, and lean supply chains, the functions of engineers have significantly changed. Engineers and similar professionals must be technically savvy and have product management and costing skills all while working in a distributed and often unstable environment. This new-edition textbook is updated to cover the integration of cost, risk, value, scheduling, and informationtechnologies going beyond basic engineering economics. Engineering Economics of Life Cycle Cost Analysis, Second Edition, offers a systems and life cycle or total ownership cost perspective. It presents advanced costing techniques such as simulation-based costing, decision and risk analysis, complex systemscosting, software, big data, and cloud computing estimation. Examples and problems demonstrating these techniques with real-world applications are also included. All engineers and similar professionals will find this book useful, but it is mainly written for systems engineers, engineering managers, program/product managers, and industrial engineers. The text can serve as a professional reference or for use with graduate courses on advanced engineering economic analysis and cost management, and financial analysis for engineers.

Author : KK Patra | Dhiraj Bhattacharjee
Publisher : S. Chand Publishing
Page : 128 pages
File Size : 40,7 Mb
Release : 2017
Category : Mathematics
ISBN : 9788121941426

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Engineering Economics and Costing by KK Patra | Dhiraj Bhattacharjee Pdf

Salient Features of the Book: Simple and lucid language Sequential arrangement of topics Review question after each chapter Interest calculation table Straight answers to 101 nagging questions

Author : Everett C. Hunt,Boris S. Butman
Publisher : Cornell Maritime Press/Tidewater Publishers
Page : 492 pages
File Size : 49,5 Mb
Release : 1995
Category : Business & Economics
ISBN : UOM:39015034388457

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Marine Engineering Economics and Cost Analysis by Everett C. Hunt,Boris S. Butman Pdf

Marine Engineering Economics and Cost Analysis is intended for students and practitioners of ship design, shipbuilding, and ship operations who want to understand and apply the concepts of engineering economics to routine engineering decisions. Computer software is included to aid in completing the analyses required. "To my knowledge this is the first text published during my fifty-year career...that deals with the methods of economic evaluation of maritime decision alternatives from an engineering viewpoint....This book applies engineering economics and cost analysis to the maritime industry and sets forth in a logical sequence the method to reach the most efficient vessel from both a cost and capacity-required approach."--from the foreword by Captain Warren G. Leback, former maritime administrator.

Author : John V. Farr
Publisher : CRC Press
Page : 318 pages
File Size : 55,6 Mb
Release : 2011-06-20
Category : Technology & Engineering
ISBN : 9781439828915

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Systems Life Cycle Costing by John V. Farr Pdf

Although technology and productivity has changed much of engineering, many topics are still taught in very similarly to how they were taught in the 70s. Using a new approach to engineering economics, Systems Life Cycle Costing: Economic Analysis, Estimation, and Management presents the material that a modern engineer must understand to work as a practicing engineer conducting economic analysis. Organized around a product development process that provides a framework for the material, the book presents techniques such as engineering economics and simulation-based costing (SBC), with a focus on total life cycle understanding and perspective and introduces techniques for detailed analysis of modern complex systems. The author includes rules of thumb for estimation grouped with the methods, processes, and tools (MPTs) for conducting a detailed engineering buildup for costing. He presents the estimating costing of complex systems and software and then explores concepts such as design to cost (DTC), cost as an independent variable (CAIV), the role of commercial off-the-shelf technology, cost of quality, and the role of project management in LCC management. No product or services are immune from cost, performance, schedule, quality, risks, and tradeoffs. Yet engineers spend most of their formal education focused on performance and most of their professional careers worrying about resources and schedule. Too often, the design stage becomes about the technical performance without considering the downstream costs that contribute to the tota1 life cycle costs (LCC) of a system. This text presents the methods, processes, and tools needed for the economic analysis, estimation, and management that bring these costs in line with the goals of pleasing the customer and staying within budget.

Author : Thane Brown
Publisher : CRC Press
Page : 368 pages
File Size : 41,7 Mb
Release : 2016-04-19
Category : Science
ISBN : 9781420008104

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Engineering Economics and Economic Design for Process Engineers by Thane Brown Pdf

Engineers often find themselves tasked with the difficult challenge of developing a design that is both technically and economically feasible. A sharply focused, how-to book, Engineering Economics and Economic Design for Process Engineers provides the tools and methods to resolve design and economic issues. It helps you integrate technical and economic decision making, creating more profit and growth for your organization. The book puts methods that are simple, fast, and inexpensive within easy reach. Author Thane Brown sets the stage by explaining the engineer’s role in the creation of economically feasible projects. He discusses the basic economics of projects — how they are funded, what kinds of investments they require, how revenues, expenses, profits, and risks are interrelated, and how cash flows into and out of a company. In the engineering economics section of the book, Brown covers topics such as present and future values, annuities, interest rates, inflation, and inflation indices. He details how to create order-of-magnitude and study grade estimates for the investments in a project and how to make study grade production cost estimates. Against this backdrop, Brown explores a unique scheme for producing an Economic Design. He demonstrates how using the Economic Design Model brings increased economic thinking and rigor into the early parts of design, the time in a project’s life when its cost structure is being set and when the engineer’s impact on profit is greatest. The model emphasizes three powerful new tools that help you create a comprehensive design option list. When the model is used early in a project, it can drastically lower both capital and production costs. The book’s uniquely industrial focus presents topics as they would happen in a real work situation. It shows you how to combine technical and economic decision making to create economically optimum designs and increase your impact on profit and growth, and, therefore, your importance to your organization. Using these time-tested techniques, you can design processes that cost less to build and operate, and improve your company’s profit.

Author : P. Cassimatis
Publisher : Routledge
Page : 385 pages
File Size : 55,5 Mb
Release : 2013-01-11
Category : Architecture
ISBN : 9781135831127

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A Concise Introduction to Engineering Economics by P. Cassimatis Pdf

This comprehensive yet accessible text emphasizes problem solving, evaluation of projects, capital budgeting and resource allocation under risk and uncertainty. Current theory of economics and finance is also discussed andthe text is complemented by a full set of problems, exercises and case studies.

Author : Niall M. Fraser,Elizabeth M. Jewkes
Publisher : Pearson Education Canada
Page : 553 pages
File Size : 47,8 Mb
Release : 2012-06-27
Category : Technology & Engineering
ISBN : 9780133085686

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Engineering Economics by Niall M. Fraser,Elizabeth M. Jewkes Pdf

Engineering Economics: Financial Decision Making for Engineers is designed for teaching a course on engineering economics to match engineering practice today. It recognizes the role of the engineer as a decision maker who has to make and defend sensible decisions. Such decisions must not only take into account a correct assessment of costs and benefits, they must also reflect an understanding of the environment in which the decisions are made. The 5th edition has new material on project management in order to adhere to the CEAB guidelines as well the new edition will have a new spreadsheet feature throughout the text. The Companion Website is not included with the purchase of this product.

Author : Mahendra P Agasty
Publisher : Unknown
Page : 128 pages
File Size : 51,7 Mb
Release : 2024-06-18
Category : Electronic
ISBN : 8183712355

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Engineering Economics And Costing, 2/e by Mahendra P Agasty Pdf

Author : Barry W. Boehm
Publisher : Prentice Hall
Page : 806 pages
File Size : 42,5 Mb
Release : 1981
Category : Computers
ISBN : UOM:39015009797823

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Software Engineering Economics by Barry W. Boehm Pdf

Software Engineering Economics is an invaluable guide to determining software costs, applying the fundamental concepts of microeconomics to software engineering, and utilizing economic analysis in software engineering decision making.

Author : James L. Riggs
Publisher : McGraw-Hill Companies
Page : 824 pages
File Size : 52,7 Mb
Release : 1982
Category : Business & Economics
ISBN : UOM:39015000490436

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Engineering Economics by James L. Riggs Pdf

Author : D.E. Garrett
Publisher : Springer Science & Business Media
Page : 431 pages
File Size : 42,6 Mb
Release : 2012-12-06
Category : Science
ISBN : 9789401165440

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Chemical Engineering Economics by D.E. Garrett Pdf

least, the author wishes to thank his constantly helpful wife Maggie and his secretary Pat Weimer; the former for her patience, encouragement, and for acting as a sounding-board, and the latter who toiled endlessly, cheerfully, and most competently on the book's preparation. CONTENTS Preface / iii 1. INTRODUCTION / 1 Frequently Used Economic Studies / 2 Basic Economic Subjects / 3 Priorities / 3 Problems / 6 Appendixes / 6 References / 6 2. EQUIPMENT COST ESTIMATING / 8 Manufacturers' Quotations / 8 Estimating Charts / 10 Size Factoring Exponents / 11 Inflation Cost Indexes / 13 Installation Factor / 16 Module Factor / 18 Estimating Accuracy / 19 Estimating Example / 19 References / 21 3. PLANT COST ESTIMATES / 22 Accuracy and Costs of Estimates / 22 Cost Overruns / 25 Plant Cost Estimating Factors / 26 Equipment Installation / 28 Instrumentation / 30 v vi CONTENTS Piping / 30 Insulation / 30 Electrical / 30 Buildings / 32 Environmental Control / 32 Painting, Fire Protection, Safety Miscellaneous / 32 Yard Improvements / 32 Utilities / 32 Land / 33 Construction and Engineering Expense, Contractor's Fee, Contingency / 33 Total Multiplier / 34 Complete Plant Estimating Charts / 34 Cost per Ton of Product / 35 Capital Ratio (Turnover Ratio) / 35 Factoring Exponents / 37 Plant Modifications / 38 Other Components of Total Capital Investment / 38 Off-Site Facilities / 38 Distribution Facilities / 39 Research and Development, Engineering, Licensing / 40 Working Capital / 40

Author : Robert Creese
Publisher : Springer Nature
Page : 251 pages
File Size : 44,6 Mb
Release : 2022-06-01
Category : Technology & Engineering
ISBN : 9783031793943

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Strategic Cost Fundamentals by Robert Creese Pdf

This book is designed to introduce designers, engineers, technologists, estimators, project managers, and financial analysts as well as students in engineering and business to strategic cost tools for project cost evaluations. The three main sections are as follows. (1) Cost Relationships, Financial Statements, and Performance Measures—This section describes the relationships between cash flows and profits; the relationships between financial statements and the Purcell Diagram; and the issues of cost estimating, time-based breakeven analysis and time-based earned schedule. (2) Tools for Economic Evaluations—This section considers the basic mathematical relations used behind the economic equations and factors; discrete and continuous interest; depreciation terms and methods; and the Present Value of Principal Approach for evaluating loans. (3) Methods for Project Evaluation and Risk Analysis—This section considers payback periods, present worth analysis, return on investment, internal rate of return, benefit/cost ratios and positive-negative project balances; risk techniques of sensitivity analysis, optimistic-pessimistic analysis, discrete probability examples, and continuous probability models using the normal and triangular distributions.