Book Details

Engineering Economics and Costing

Engineering Economics and Costing

Published by uLektz

Course Code:HSSM3204

Author:uLektz

University: Biju Patnaik University of Technology (BPUT)

Regulation:2010

Categories:Computer Science

Format : ico_bookePUB3 (DRM Protected)

Type :eBook

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Description :Engineering Economics and Costing of HSSM3204 covers the latest syllabus prescribed by Biju Patnaik University of Technology (BPUT) for regulation 2010. Author: uLektz, Published by uLektz Learning Solutions Private Limited.

Note : No printed book. Only ebook. Access eBook using uLektz apps for Android, iOS and Windows Desktop PC.

Topics
MODULE I ENGINEERING ECONOMICS – INTRODUCTION

1.1 Engineering Economics - Nature and scope, General concepts on micro & macro economics

1.2 The Theory of demand, Demand function, Law of demand and its exceptions, Elasticity of demand

1.3 Law of supply and elasticity of supply, Determination of equilibrium price under perfect competition (Simple numerical problems to be solved)

1.4 Theory of production, Law of variable proportion, Law of returns to scale.

MODULE II EVALUATION METHODS

2.1 Time value of money – Simple and compound interest, Cash flow diagram, Principle of economic equivalence

2.2 Evaluation of engineering projects – Present worth method, Future worth method, Annual worth method, internal rate of return method, Cost-benefit analysis in public projects.

2.3 Depreciation policy,Depreciation of capital assets, Causes of depreciation, Straight line method and declining balance method.

MODULE III COST CONCEPTS AND BREAK-EVEN ANALYSIS

3.1 Cost concepts, Elements of costs, Preparation of cost sheet, Segregation of costs into fixed and variable costs

3.2 Break-even analysis-Linear approach. (Simple numerical problems to be solved)

3.3 Banking: Meaning and functions of commercial banks; functions of Reserve Bank of India. Overview of Indian Financial system.

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