{"product_id":"9788120348370","title":"ENGINEERING ECONOMICS","description":"Designed as a textbook for undergraduate students in various engineering disciplines—Mechanical, Civil, Industrial Engineering, Electronics Engineer-ing and Computer Science—and for postgraduate students in Industrial Engineering and Water Resource Management, this comprehensive and well-organized book, now in its Second Edition, shows how complex economic decisions can be made from a number of given alternatives. It provides the managers not only a sound basis but also a clear-cut approach to making decisions. These decisions will ultimately result in minimizing costs and\/or maximizing benefits. What is more, the book adequately illustrates the concepts with numerical problems and Indian cases.While retaining all the chapters of the previous edition, the book adds a number of topics to make it more comprehensive and more student friendly. What’s New to This Edition • Discusses different types of costs such as average cost, recurring cost, and life cycle cost. • Deals with different types of cost estimating models, index numbers and capital allowance. • Covers the basics of nondeterministic decision making. • Describes the meaning of cash flows with probability distributions and decision making, and selection of alternatives using simulation. • Discusses the basic concepts of Accounting. This book, which is profusely illustrated with worked-out examples and a number of diagrams and tables, should prove extremely useful not only as a text but also as a reference for those offering courses in such areas as Project Management, Production Management, and Financial Management.\u003cbr\u003e","brand":"PHI Learning","offers":[{"title":"Default Title","offer_id":47142413074672,"sku":"9788120348370","price":4.17,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9788120348370_p0.jpg?v=1763722831","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9788120348370","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}