Neuware - Every dollar an executive proposes to spend or proposes not to spend has to be subjected to economic decision making. Expenditure and investment proposals can be for cost reduction or income expansion. In some cases, both may be realized. For both the proposals, economic decision making is essential. The goal of equipment selection in a business system is acceptable financial efficiency, not engineering efficiency. The engineering economic analysts test the profitability of a proposed operation, or choose the best option among the existing alternatives. The book 'Principles and Practices of Engineering & Industrial Economics' covers issues ranging from project formulation steps - through data collection, costing of project, detail financial analysis, decision rules, risk analysis and environmental considerations to model study for financial and scenario analysis for decision making.

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Bibliographic Details

Title: Principles & Practices of Engineering & Industrial Economics
Publisher: Nova Science Publishers Inc Mai 2013
Publication Date: 2013
Language: English
ISBN 10: 1624175961
ISBN 13: 9781624175961
Binding: Buch
Condition: Neu
Dimensions: 260 millimeters width by 183 millimeters height by 16 millimeters depth
Weight: 510 grams

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Every dollar an executive proposes to spend or proposes not to spend has to be subjected to economic decision making. Expenditure and investment proposals can be for cost reduction or income expansion. For This book covers issues ranging from project formulation steps - through data collection, costing of project, detail financial analysis, decision rules, risk analysis and environmental considerations to model study for financial and scenario analysis for decision making.

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AHA-BUCH GmbH
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