Engineering Economy and Management

Engineering economy and management highlights the importance of economics and management in Engineering and helps engineers in managerial decision making. It provides comprehensive coverage of the subject from basic principles to state-of-the-art concepts and applications. This book is common to all students in Engineering discipline and is very useful in evaluating the economic merits and demerits of various solutions to engineering problems. Engineering problems may involve the decisions related to resources and their allocation. Engineering economics is closely associated with conventional Microeconomics; but here, its focus is on problem solving at operational levels.