Description

About the Book

Providing a sound understanding of the principles, basic concepts, and methodology of engineering and managerial economy, this edition is redesigned the rich and time-tested teaching materials of earlier editions – extensively revised and updated to reflect current trends and issues, with an emphasis on the economics of engineering design throughout. It provides a complete and up-to-date of this important field, not only helping students to develop proficiency with the methods used in engineering economy analysis and the process for making rational decisions in situations likely to be encountered in professional practice, but also including insightful and comprehensive case studies to demonstrate the integrated application of the principles, basic concepts, and methodologies used by engineers in typical real-world situations.

This edition is primarily redesign for the engineering students into 10 chapters which are in complete conformity with the syllabus of Indian Universities / Institutes. It provides conceptual clarity to the students and takes them close to industry practices. It also added some new topics like elasticity of demand, production function, perfect competition, national income, and business cycles. The authors are proud to present this edition for the benefit of the students and teachers of engineering to match Engineering and Managerial Economics with engineering practice today.

About the Authors

Ruhi Bhatnagar, is a Lecturer of Noida Institute of Engineering & Technology, Greater Noida where she teaches  and guide students in the field of Managerial Economics. She has also presented good number of research papers in national and international level of conferences as well as guided students to complete their  research work in different areas.

Vanchan Tripathi, M.phil, M.B.A., B.Sc., is a Lecturer of Noida Institute of Engineering & Technology, Greater Noida. She is having experience of 6 yrs as academician and has also presented good number of research papers in national and international level of conferences.