ASK HERE

20-10-2017, 07:46 AM

Engineering economics book by rk hegde download

jaseela123d · 24-10-2017, 04:40 PM

Engineering economics, formerly known as engineering economics, is a subset of the economy concerned with the use and "... application of economic principles" in the analysis of engineering decisions. As a discipline, it focuses on the branch of economics known as microeconomics, as it studies the behavior of individuals and companies in making decisions regarding the allocation of limited resources. Therefore, it focuses on the decision-making process, its context and environment. It is pragmatic in nature, integrating economic theory with the practice of engineering. But it is also a simplified application of micro-economic theory because it avoids a number of micro-economic concepts such as price determination, competition and demand / supply. However, as a discipline, it is closely related to others, such as statistics, mathematics, and cost accounting. It is based on the logical framework of economics, but adds to the analytical power of mathematics and statistics.

Engineers look for solutions to problems and are usually considered the economic viability of each potential solution along with the technical aspects. Fundamentally, engineering economics involves formulating, estimating, and evaluating economic outcomes when alternatives to a definite purpose are available. In some civil engineering curricula in the United States, engineering economics is a required course. It is a subject of the Engineering Fundamentals exam, and you can also ask questions about the Engineering Principles and Practice exam; both are part of the Professional Engineering registration process.

Taking into account the time value of money is fundamental to most engineering economics. Cash flows are discounted using an interest rate, except for the most basic economic studies. For each problem, there are usually many possible alternatives. One option that should be considered in each analysis, and which is often the option, is the alternative of doing nothing. You should also consider the opportunity cost of making one choice over another. There are also non-economic factors that should be considered, such as colour, style, public image, etc. such factors are called attributes.

Costs and revenues are considered, for each alternative, for a period of analysis that is a fixed number of years or the estimated life of the project. The value of rescue is often forgotten, but it is important, and is the net cost or income by dismantling the project. Some other issues that can be addressed in engineering economics are inflation, uncertainty, replacements, depreciation, depletion of resources, taxes, tax credits, accounting, cost estimates or capital financing . All of these topics are primary skills and areas of knowledge in the field of cost engineering.

Possibly Related Threads...
Thread		Author	Replies	Views	Last Post
	Title: mechanical engineering project		0	18,597	17-08-2023, 09:32 PM Last Post:
	Title: mechanical engineering project		0	18,597	17-08-2023, 09:30 PM Last Post:
	Book on cloud computing		0	18,414	07-09-2021, 10:11 AM Last Post:
	Book Request		0	22,045	11-11-2020, 04:44 PM Last Post:
	Text book		0	23,378	28-08-2020, 11:36 PM Last Post:
	I want to download the book "Invitation to graph theory".		0	25,040	19-08-2020, 06:49 PM Last Post:
	Irrigation engineering		0	1,361	31-07-2020, 09:33 AM Last Post:
	microwave and radar engineering		0	1,261	28-07-2020, 10:35 AM Last Post:
	invitation to graph theory by s arumugam pdf download graph		2	33,130	26-07-2020, 08:44 PM Last Post: Ezhilan2
	Book		0	17,650	08-05-2020, 11:13 PM Last Post:

Important Note..!

ASK HERE