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Principles of Engineering Economics with Applications

Zahid A. Khan, JMI, New Delhi, Arshad N. Siddiquee, JMI, New Delhi, Brajesh Kumar, NIFM, Faridabad, India, Mustufa H. Abidi, King Saud University, Saudi Arabia


Covering detailed discussion of fundamental concepts of economics, the textbook commences with comprehensive explanation of theory of consumer behavior, utility maximization and optimal choice, profit function, cost minimization and cost function. The textbook covers methods including present worth method, future worth method, annual worth method, internal rate of return method, explicit re-investment rate of return method and payout method useful for studying economic studies. A chapter on value engineering discusses important topics such as function analysis systems techniques, the value…

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Key features

  • Provides a comprehensive discussion of topics including project management, forecasting and value engineering
  • Concepts have been explained in a lucid manner with the help of real-life examples
  • Numerous solved problems and unsolved exercises are included in each chapter

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