Principles of Economics and Management for Manufacturing Engineering

  • 4h 21m
  • D.R. Kiran
  • Elsevier Science and Technology Books, Inc.
  • 2022

Principles of Economics and Management for Manufacturing Engineering combines key engineering economics principles and applications in one easy to use reference. Engineers, including design, mechanical, and manufacturing engineers are frequently involved in economics-related decisions, whether directly when selecting materials or indirectly when managers make order quantity decisions based on their work. Having a knowledge of the management and economic activities that touch on engineering work is a core part of most foundational engineering qualifications and becomes even more important in industry.

Covering a wide range of management and economic topics from the point-of-view of an engineer in industry, this reference provides everything needed to understand the commercial context of engineering work.

  • Covers the full range of basic economic concepts as well as engineering economics topics
  • Includes end of chapter questions and chapter summaries that make this an ideal self-study resource
  • Provides step-by-step instructions for cost accounting for engineers

About the Author

D.R Kiran has forty years of experience in both industry and academia. He has held a range of management positions including Planning Manager of Rallifan (CF division), World Bank Adviser/Instructor for Transport Managers in Tanzania, and the Principal of PMR Institute of Technology, Chennai. In Universities he has taught subjects including Total Quality Management, Professional Ethics and Maintenance Engineering Management. He is the author of 2 books, and numerous journal articles, and was presented with the coveted Bharat Excellence Award and Gold Medal for Excellence in Education in New Delhi in 2006.

In this Book

  • Foreword
  • Abbreviations Used in Engineering Economics
  • Introduction to Engineering Economics
  • The Basic Concepts of Economics
  • Categories of Economic System
  • Laws of Demand and Supply
  • Value and Equilibrium Price
  • Wealth and Time Value of Money
  • Cost Accounting for Engineers
  • Corporate Social Responsibilities
  • Principles of Management
  • Factors for Production
  • Cost of Production
  • Economies of Scale
  • Demand Forecasting
  • Decision Theory
  • Total Productive Maintenance
  • Break-Even and Make-Or-Buy Analyses
  • Creativity and Kaizen
  • Material Layout Planning
  • Value Engineering and Engineering Economics
  • Plant Location and Layout
  • Scientific Inventory Control
  • Machinery Replacement Analysis
  • References