Engineering Economics and Cost Estimation detail syllabus for Industrial Engineering & Management (Ind Engg & Mang), 2017 regulation is taken from Anna University official website and presented for students of Anna University. The details of the course are: course code (IE8451), Category (PC), Contact Periods/week (3), Teaching hours/week (3), Practical Hours/week (0). The total course credits are given in combined syllabus.
For all other ind engg & mang 4th sem syllabus for be 2017 regulation anna univ you can visit Ind Engg & Mang 4th Sem syllabus for BE 2017 regulation Anna Univ Subjects. The detail syllabus for engineering economics and cost estimation is as follows.”
Course Objective:
- To study and understand the concept of Engineering Economics and apply in the real world.
- To gain knowledge in the field of cost estimation to enable the students to estimate the cost of various manufacturing processes.
Unit I
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Unit II
Production and Cost Analysis
Production Analysis – Production function, Returns to a factor, Returns to scale, ISO quants and Least cost combination of inputs. Cost Analysis – Cost concepts, Determinants of cost, Short-run cost-output Relationship, Long-run cost output relationship, Economies and Diseconomies of scale and Estimating cost – Output Relationship.
Unit III
Pricing
Determinants of price – Pricing under different objectives – Pricing under different market structures – Price discrimination – Pricing of Joint products – Pricing methods in practice.
Unit IV
For complete syllabus and results, class timetable and more pls download iStudy. Its a light weight, easy to use, no images, no pdfs platform to make students life easier.
Unit V
Estimation of Operational Cost
Estimation in Machine shop – Estimation in Forging shop -Estimation in welding shop.
Course Outcome:
Students will be able to estimate cost of products, analyze product cost and suggest cost reduction measure.
Text Books:
- V.L.Mote, Samuel Paul and G.S.Gupta, Managerial Economics – concepts and cases, McGraw Hill Education (India), 2011.
- Yogesh Maheshwari, Managerial Economics, Third edition, PHI 2012.
- T.R.Banga and S.C.Sharma, Mechanical Estimating and Costing, 16th Edition, Khanna Publishers, 2012.
References:
- A.Ramachandra Aryasri and V.V.Ramana Murthy, Engineering Economics and Financial Accounting, McGraw Hill Education (India), New Delhi, 2004.
- R.Paneerselvam, Engineering Economics, PHI, 2013.
For detail syllabus of all other subjects of BE Ind Engg & Mang, 2017 regulation do visit Ind Engg & Mang 4th Sem syllabus for 2017 Regulation.
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