Engineering Economics and Costing, 2/e
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Engineering Economics and Costing, 2/e

Author : Anil Kumar Mukhopadhyaya
© Year : 2021
ISBN : 9789390620159
Pages : 210
Binding : Paperback
Dimension : 16 x 24
Weight : 0.25   kg
Discount : 20.00  %
Price :   25.00      20.00
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  • About the Book
  • Table of Contents
  • About the Author

I have gone through the book and found that the book is very useful especially for those who are aspirants of cost engineering and cost reduction for various process, product & system. The book contains fundamental tools & techniques used in costing and project initiation for process, product & system improvement. This contains lot of examples which will make reader to understand and apply easily. This also contains question and answers at the end of each chapter which can be useful for the CVS (Certified Value Specialist) aspirants to pass the examination in financial section.
Wish all the best very best and success to the author.

Surya P Prabhaker, CVS
Sr. Manager Improvement | Capital Planning
Tata Steel Limited


"Engineering Economics and Costing" focuses on two most important components of Cost and Economics for engineers. Engineers should have the knowledge of cost - how the cost elements are built up in different industries like, Manufacturing Industries, Process Industries and even Job Shops. The underlying belief is that only with the pertinent knowledge engineers can control and improve cost. The interesting thing is that they are the creator of cost. There are some Core Competencies which should also be known to them. Those Core Competencies are essential for better Cost Management. These Core Competencies are:

  • Cost Model; Cost Estimate;
  • Pareto Diagram; Ishikawa Diagram;
  • Payback Period; Return on Investment;
  • Discounted Cash Flow; Internal Rate of Return;
  • Make or Buy Decision
  • Life Cycle Costing.
In addition to above knowledge, the engineers should also have knowledge of the following techniques.
  • Target Costing;
  • Design to Cost and
  • Should Costing.
At the end of each chapter, objective type questions and the problems have been provided. The answer of each type of questions are also given for the benefit of the readers. This book is meant to be user friendly and is focused on building an affinity for cost.

Part I: Cost Engineering
1. Introduction
2. Elements of Cost
3. Direct Material Cost
4. Direct Labour Cost
5. Direct Expenses
6. Overhead
7. Methods of Costing
8. Standard Costing
Part-II: Engineering Economics: Concepts, Methods and Techniques
9. Types of Costing
10. Methods
11. Target Costing
12. Design to Cost
13. Should Costing/Should Cost Analysis

Anil Kumar Mukhopadhyaya :-

CVS-Life; FINVEST, MIIIE, LMINVEST is one of the pioneering Certified Value Specialists in India. He is also the author of six highly successful books titled Value Engineering: Concepts, Techniques and Applications; Value Engineering Mastermind From Concepts to Value Engineering Certification, Function Analysis System Technique - A Stimulating Tool; Cost Engineering; Function Analysis System Technique - For Breakthrough Solutions and Indian Value Engineering Society (1977-2017). He has written several articles on the subject of value engineering and industrial engineering for National and International Journals. He had also received Productivity Award 1984 (for Individual / Groups) instituted by the Association of Indian Engineering Industry (Eastern Region). He also received the best Case Study Award by the Indian Institution of Industrial Engineering for a Case Study on Value Engineering, titled ';A pragmatic approach to cost reduction through value engineering—A case study' in 1986.
He was Secretary of Indian Value Engineering Society (Eastern Zonal Council) from 1997 to 1999. Presently he is Member of INVEST Certification Board and also Member of the Editorial Board of INVAVE, journal of Indian Value Engineering Society. He was awarded a Fellowship by the Indian Value Engineering Society in 2005. He received the PRESIDETIAL AWARD during 2018 Mumbai INVEST Conference.

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