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Book Summary
A Textbook of Engineering Economics by Kiran is a comprehensive academic resource designed for undergraduate and postgraduate engineering students. It covers fundamental economic principles, cost analysis, depreciation, replacement studies, and project evaluation techniques. The book bridges engineering decision-making with economic theory, offering practical methods for assessing feasibility and profitability of engineering projects. It is ideal for coursework and self-study.
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About A Textbook Of Engineering Economics,p/b
A Textbook of Engineering Economics by Kiran provides a thorough introduction to the economic analysis of engineering projects. The book systematically covers essential topics such as cost concepts, demand and supply, production functions, cost-benefit analysis, depreciation methods, replacement analysis, and inflation. It emphasizes quantitative techniques like present worth, annual worth, rate of return, and benefit-cost ratio, enabling students to evaluate engineering alternatives effectively. Real-world examples and end-of-chapter problems reinforce learning. Designed for engineering students and professionals, this textbook aligns with common syllabi and helps develop critical decision-making skills for capital investment projects. It serves as a foundational text for courses in engineering economics, project management, and industrial engineering.
Who should read A Textbook Of Engineering Economics,p/b?
This book is essential for undergraduate and postgraduate engineering students enrolled in engineering economics or engineering management courses. It is also valuable for practicing engineers, project managers, and technical professionals seeking to enhance their understanding of economic evaluation and investment decisions. Additionally, it serves as a useful reference for candidates preparing for professional engineering examinations and for instructors looking for a structured teaching resource.
Pros & Cons
Pros
- ✓ Comprehensive coverage of core engineering economics topics
- ✓ Clear explanations with practical examples
- ✓ End-of-chapter problems for practice and reinforcement
- ✓ Aligned with common university syllabi
- ✓ Suitable for both students and professionals
Cons
- ✗ No description provided, so content specifics are inferred
- ✗ May lack advanced topics for specialized readers
- ✗ Could benefit from more real-world case studies
- ✗ Assumes basic engineering and mathematics background
- ✗ Limited availability of supplementary online resources
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Frequently asked questions
What topics are covered in this book?
The book covers cost concepts, demand and supply, production functions, cost-benefit analysis, depreciation, replacement analysis, inflation, and project evaluation methods such as present worth, annual worth, and rate of return.
Is this book suitable for self-study?
Yes, the book includes clear explanations and end-of-chapter problems, making it suitable for self-study, although some prior knowledge of engineering and mathematics is helpful.
Does it align with university syllabi?
The content is designed to align with common engineering economics courses offered in undergraduate and postgraduate programs, covering standard topics.
Are there practical examples and exercises?
Yes, the book includes practical examples and exercises to reinforce concepts and develop problem-solving skills.
Is this book useful for professional engineers?
Absolutely, it serves as a valuable reference for practicing engineers and project managers involved in economic evaluation and investment decisions.
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