Principles of Economics and Management for Manufacturing Engineering

Principles of Economics and Management for Manufacturing Engineering

1st Edition - January 14, 2022

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  • Author: D.R. Kiran
  • Paperback ISBN: 9780323998628
  • eBook ISBN: 9780323998635

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Description

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.

Key Features

  • 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

Readership

Researchers and postgraduate students of manufacturing and design engineering. Qualified design and manufacturing engineers in industry

Table of Contents

  • Section 1 - Theories and Laws of Economics
    1. Introduction to Engineering Economics
    2. The Basic Concepts of Economics
    3. Categories of Economic System
    4. Laws of Demand and Supply
    5. Value and Equilibrium Price
    6. Wealth and Time Value of Money
    7. Cost Accounting for Engineers
    8. Corporate Social Responsibilities

    Section 2 - Principles of Engineering Economics
    9. Principles of Management
    10. Factors for Production
    11. Cost of Production
    12. Economies of Scale
    13. Demand Forecasting
    14. Decision Theory

    Section 3 - Applications of Engineering Economics
    15. Total Productive Maintenance
    16. Break-Even and Make or Buy Analyses
    17. Creativity and Kaizen
    18. Material Layout Planning
    19. Value Engineering and Engineering Economics
    20. Plant Location and Layout
    21. Scientific Inventory Control
    22. Machinery Replacement Analysis

Product details

  • No. of pages: 330
  • Language: English
  • Copyright: © Butterworth-Heinemann 2022
  • Published: January 14, 2022
  • Imprint: Butterworth-Heinemann
  • Paperback ISBN: 9780323998628
  • eBook ISBN: 9780323998635

About the Author

D.R. Kiran

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.

Affiliations and Expertise

International Consultant in Industrial Engineering and Management, India

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