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.
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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
