The importance of management science and economics for all professionals is absolutely inevitable. This is also true for mariners, and hence, Indian Maritime University has included this subject for undergraduate courses. The basic concepts and principles taught in this subject include the major managerial domains, such as 'Accounting and Finance Management', 'Production and Operations Management', 'Human Resource Management'. The subject also covers 'Economics' and 'Major shipping routes and ports'.
This book, 'Management Science & Economics For Mariners', has been written to fulfil the above aspirations and also to make available and understand the fundamentals of Management Science ans Economics.
It covers the complete syllabus of courses offered by Indian Maritime University for the above subject. I also fulfils the needs of students from other universities offering maritime undergraduate, and other short term and long term courses.
The subject is explained in lucid language and in a logical manner with many figures, graphs and illustrations. Many tables are included for easy reference. Most common and appropriate examples are given to give a good feel of the subject.