March 18, 2010

ANDHRA UNIVERSITY DMCHE 407 Engineering Economics and Management


ANDHRA UNIVERSITY DMCHE 407: Engineering Economics and Management
(Common with ECE, EEE and Chemical branches)


Unit - I
Fundamentals of Economics: Wealth and Welfare Definitions, Robbins’ Scarcity Definition; Micro and Macro Economics; Nature of Economics –Economics as a social science, Laws of Economics, Assumptions in Economics; Mixed Economies; Basic elements of Supply and Demand –Elasticity of Demand and its cases and types, Factors determining price elasticity of Demand.
Unit – II
Industrial Policy of the Government, New Industrial Policy-1991; Forms of Business Ownership – Private, Public, and Joint Sector Management; Capital Requirement and Methods of Financing Industry; Cost Concepts – Elements of Costs.
Unit – III
Evolution of Management Thought (schools of thought); Principles and Functions of Management; Forms of Organization; Decision Making Process; Production Planning and Control.
Unit - IV
Plant Location and Plant Layout; Materials Management; Purchasing Organizations; Inventory Control and ABC Selective Control Policy; Break – even Analysis.
Unit - V
Leadership – Characteristics, Formal and Informal leaders and responsibilities and qualities of leadership; Motivation – Characteristics, importance, and kinds of motivation; Communication –Nature, Process, forms, and steps for making communication effective; wages and Methods of wage payment; Industrial Disputes and their Settlement; Provisions of Factories Act.

Text Books:
1. Sharma, S.C. & Banga, T.R., - Industrial Organization & Engineering Economics
2. Dewett, K.K. – Modern Economic Theory

References:
1. Dwivedi, D.N., Managerial Economics
2. Goal, B.S., Production Operation Management
3. Tara Chand Engineering Economics
4. Allen, L.A. Management and Organization




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