Principles of Economics and Management for Manufacturing Engineering

D.R Kiran has forty years of experience in both industry and academia. He has held a range of management positions including Planning Manager of Rallifan (CF division), World Bank Adviser/Instructor for Transport Managers in Tanzania, and the Principal of PMR Institute of Technology, Chennai. In Universities he has taught subjects including Total Quality Management, Professional Ethics and Maintenance Engineering Management. He is the author of 2 books, and numerous journal articles, and was presented with the coveted Bharat Excellence Award and Gold Medal for Excellence in Education in New Delhi in 2006.

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