Engineering Economics (2nd Edition)

Engineering Economics (2nd Edition) By R. Panneerselvam

Designed as a textbook for undergraduate students across mechanical, civil, industrial, electronics, and computer science engineering, and for postgraduate students in industrial engineering and water resource management, this comprehensive, well-organized book shows how complex economic decisions can be made from a set of given alternatives. It gives readers not just a sound theoretical basis but a clear-cut approach to decision-making, aimed ultimately at minimizing costs and/or maximizing benefits for their organizations. Concepts are illustrated throughout with numerical problems and Indian cases, and a distinguishing feature of the book is its exhaustive appendix of interest tables covering a wide range of interest rates (0.25%–50%) across periods from one to a hundred years. Later editions retain all chapters from earlier printings while adding further topics — different types of cost (average, recurring, life cycle), cost estimating models, index numbers, capital allowance, nondeterministic decision-making, and basic accounting concepts — to make the text more comprehensive and student-friendly.

Topics commonly covered include:

• Elementary economic analysis

• Interest formulas and their applications

• Present worth, future worth, and annual equivalent methods of comparison

• Rate of return method

• Replacement and maintenance analysis

• Depreciation

• Evaluation of public alternatives

• Inflation-adjusted decisions

• Inventory control and make-or-buy decisions

• Project management, value analysis/value engineering, and linear programming

Key features:

• Exhaustive appendix of interest tables spanning 0.25%–50% interest rates and 1–100 year periods

• Profusely illustrated with worked-out examples, diagrams, and Indian case studies

• Written by an author with three decades of teaching and research experience, including at Anna University

• Useful as both a core text and a reference for project management, production management, and financial management courses

• Covers nondeterministic decision-making and simulation-based alternative selection in later editions

Perfect for:

• Undergraduate engineering students across mechanical, civil, industrial, electronics, and computer science disciplines

• Postgraduate students in industrial engineering or water resource management

• Practicing engineers and project consultants doing economic decision analysis

• Students in project, production, or financial management courses needing an engineering economics foundation

Available at Prince Book Depot. Cash on Delivery available. Nationwide delivery across Pakistan.