In engineering field, we are used to face engineering economics analysis those entitle to the use of mathematical economic methods. That’s why to analyze these situations systematically, we must combine related factors to manage available costs and profits according to right skill, decision and judgement in order to meet expenses of production for efficient operation and condition under short and long term planning and evaluations.
Engineering Economic Analysis book provides the right concept of engineering cost analysis, particularly to maximize the rate of worth return by increasing the revenue from customers. This book emphasizes financial decision making for estimating costs of all engineering projects with interest and equivalence. The author also includes the evaluation of all factor for being good decision maker by interpreting all factors such as reliability, availability and capital requirements.
As special branch in engineering management, the knowledge of engineering economics can be basis step to create alternative plans in order to gain maximum profit. By learning the contents of this book, you will know the proper principles and methods to find solutions of wide range engineering economy cases with realistic cash-flow models.
Engineering Economic Analysis
Donald G. Newnan
Oxford University Press, USA; 10th edition
624 pages
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Sat, Jan 16, 2010
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