This edition has been designed to serve as a standard text book for B.Tech students. This book provides an exposure to Principles of Economics and Management with concise and comprehensive description. A major strength of this book is its being brief and relevant. This composition incorporates long standing academic and industrial experience of the authors which add immense value to this book. With its comprehensive coverage this book will prove to be an invaluable text for engineering students of various Universities as well as other professionals.

Principles of Economics and Management for Manufacturing Engineering combines key engineering economics principles and applications in one easy to use reference. Engineers, including design, mechanical, and manufacturing engineers are frequently involved in economics-related decisions, whether directly when selecting materials or indirectly when managers make order quantity decisions based on their work. Having a knowledge of the management and economic activities that touch on engineering work is a core part of most foundational engineering qualifications and becomes even more important in industry. Covering a wide range of management and economic topics from the point-of-view of an engineer in industry, this reference provides everything needed to understand the commercial context of engineering work. Covers the full range of basic economic concepts as well as engineering economics topics Includes end of chapter questions and chapter summaries that make this an ideal self-study resource Provides step-by-step instructions for cost accounting for engineers

This book analyzes the economics of the food industry at every stage between the farm gate and the kitchen counter. Central to the text are agricultural marketing problems such as the allocation of production between competing products (such as fresh and frozen markets), spatial competition, interregional trade, optimal storage, and price discrimination. Topics covered will be useful to students who expect to have careers such as food processing management, food sector buying or selling, restaurant management, supermarket management, marketing/advertising, risk management, and product development. The focus is on real world-relevant skills and examples and on intuition and economic understanding above mathematical sophistication, although the text does draw on the nuances of modern economic theory.