This volume discusses the latest techniques and their economic applications for modern industries like computer, pharmaceutical, banking and other manaufacturing. These industries are most important for a growing economy. Both econometric and mathematical programming techniques are analyzed so as to develop a synthetic approach. The industrial applications not only emphasize the various aspects of R&D spending, advertisement expenditure and imperfect market structures, but also assess the economic benefits of measuring some specific performance paremers in the light of policy reforms adopted in a growing economy.