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Engineering economics

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Handwiki book24.pngFinance portal

Here is a list of articles in the Engineering economics category of the Finance portal. Engineering economics, previously known as engineering economy, is a subset of economics concerned with the use and "...application of economic principles"[1] in the analysis of engineering decisions.[2] As a discipline, it is focused on the branch of economics known as microeconomics in that it studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources. Thus, it focuses on the decision making process, its context and environment.[1] It is pragmatic by nature, integrating economic theory with engineering practice.[1]

References

  1. ↑ 1.0 1.1 1.2 Dharmaraj, E.. Engineering Economics. Mumbai, IN: Himalaya Publishing House, 2009. ProQuest ebrary. Web. 9 November 2016.
  2. ↑ Morris, W. Thomas. (1960). Engineering economy: the analysis of management decisions. Homewood, Ill.: R. D. Irwin.
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