lastPost

PRINCIPLES OF ECONOMICS AND MANAGEMENT FOR MANUFACTURING ENGINEERING

 PRINCIPLES OF ECONOMICS AND MANAGEMENT FOR MANUFACTURING ENGINEERING

PRINCIPLES OF ECONOMICS AND MANAGEMENT FOR MANUFACTURING ENGINEERING



During my early teaching career, the syllabus for economics for engineering students, which was a part of the Department of Humanities, included mostly macroeconomics and general economic laws. The microeconomic illustrations were more to suit the trade and commerce fields, rather than manufacturing fields. So, I used to teach on my own short introduction on additional topics, such as make or buy decisions, EOQ, value analysis, cost/benefit analysis for machinery replacement, etc., which are needed for engineering managerial decisions, and so would be of more interest to the engineering students. Later, when I happened to see the syllabi of foreign universities, especially of New York Canton University, Texas A&M, and even a Turkish university, I found they covered manufacturing field- oriented economic analysis illustrations, which I was actually teaching, more

than macroeconomics. This fact, which concurred with my concept, made me happy and motivated me to retain all my teaching notes, to be able to write a book on engineering economics suitable for engineers. The result is this book, Principles of Economics and Management for Manufacturing Engineering, highlighting the engineering applications of economic theories for use by the decision makers of the manufacturing sector.

To conform to the different syllabi of several universities, this book is in three sections:
Section I—Introduction to Economics
Section II—Principles of Engineering Economics
Section III—Applications of Engineering Economics

A feature of this book is that the first chapter gives an introduction to engineering economics, which is then distinguished from economic theory in the later chapters, to make the reader appreciate the former topic as significant to his or her day to day performance, with emphasis placed on the economy-oriented decisions a manager is confronted with, like the make or buy decision or the economic order quantity.

Several university syllabi,both Indian and foreign, from where the topics have been chosen, are appended at the end of the book. Another feature of this book is that all the accountancy and finance management topics included in these syllabi are listed, categorized chapter wise, and explained. Since each of them need a separate chapter to explain them fully, this book makes an attempt to give short paragraph explanations for them with examples, in order to allow the engineer to understand them enough so as to get a general knowledge. In addition to the Bibliography at the end of the book, chapter wise indication of books and other references for further reading is provided to aid the reader. Each chapter ends with criteria questions, to enable the reader to assess for him or herself his or her understanding of the subject.


DOWNLOAD :- HERE
Comments
No comments
Post a Comment



    Reading Mode :
    Font Size
    +
    16
    -
    lines height
    +
    2
    -