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Principles and Practices of Engineering and Industrial Economics
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Authors: M. Hossain Ali (Agricultural Engineering Division, Bangladesh Institute of Nuclear Agriculture) 
Book Description:
Every dollar an executive proposes to spend or proposes not to spend has to be subjected to economic decision making. Expenditure and investment proposals can be for cost reduction or income expansion. In some cases, both may be realized. For both the proposals, economic decision making is essential. The goal of equipment selection in a business system is acceptable financial efficiency, not engineering efficiency. The engineering economic analysts test the profitability of a proposed operation, or choose the best option among the existing alternatives. The book “Principles and Practices of Engineering & Industrial Economics” covers issues ranging from project formulation steps - through data collection, costing of project, detail financial analysis, decision rules, risk analysis and environmental considerations – to model study for financial and scenario analysis for decision making. (Imprint: Nova)

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Table of Contents:

Chapter 1: Concept, Need, and Role of Engineering Economics

Chapter 2: Fundamentals and Applications of Economic Theories

Chapter 3: Data Sources, Demand Forecasting, and Cost Estimation for Project Analysis

Chapter 4: Fundamentals and Theories of Financial Analysis for Project Evaluation

Chapter 5: Indicators and Decision Rules for Project Selection among Alternatives

Chapter 6: Risks and Uncertainties in Engineering Projects

Chapter 7: Time for Equipment Replacement

Chapter 8: Models and Softwares in Economic and Financial Analysis


      Engineering Tools, Techniques and Tables
      Economic Issues, Problems and Perspectives
   Binding: Hardcover
   Pub. Date: 2013 - 2nd Quarter
   Pages: 7x10 - (NBC-C)
   ISBN: 978-1-62417-596-1
   Status: AV
Status Code Description
AN Announcing
FM Formatting
PP Page Proofs
FP Final Production
EP Editorial Production
PR At Prepress
AP At Press
AV Available
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Principles and Practices of Engineering and Industrial Economics