Transcription of ENGINEERING ECONOMICS
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ENGINEERING ECONOMICS
R. PanneerselvamR. PanneerselvamEngineering EconomicsEngineering EconomicsEngineering EconomicsNEW DELHI-1100012012R. PanneerselvamProfessorSchool of ManagementPondicherry UniversityRs. ECONOMICSby R. Panneerselvam 2001 by PHI Learning Private Limited, New Delhi. All rights reserved. No partof this book may be reproduced in any form, by mimeograph or any other means,without permission in writing from the export rights of this book are vested solely with the , 2012 Published by Asoke K. Ghosh, PHI Learning Private Limited, M-97, ConnaughtCircus, New Delhi-110001 and Printed by Meenakshi Art Printers, Great-Grand-fatherCONTENTSvPrefaceix1. INTRODUCTION1 ECONOMICS Flow in an Economy Law of Supply and Demand Concept of ENGINEERING Types of Definition and Scope of ENGINEERING ECONOMICS Elements of Other Marginal Marginal Sunk Cost Opportunity Cost Break-Even Analysis Profit/Volume Ratio (P/V Ratio) 12 Questions 132.
1. INTRODUCTION 1–14 1.1 Economics 1 1.1.1 Flow in an Economy 1 1.1.2 Law of Supply and Demand 2 1.2 Concept of Engineering Economics 4 1.2.1 Types of Efficiency 4 1.2.2 Definition and Scope of Engineering Economics 6 1.3 Elements of Costs 7 1.4 Other Costs/Revenues 8 1.4.1 Marginal Cost 8 1.4.2 Marginal Revenue 8 1.4.3 Sunk Cost 8 1.4.4 ...
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