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Engineering Economics

by Ankur KukretiAnkur Kukreti
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Ankur Kukreti
Ankur Kukreti
Engineering economics           Unit 1 Time value of money: Percentage chart Simple and compound interest Time value equivalence Compound interest factors Cash flow diagrams Calculations of time-value equivalences Present worth comparisons Comparisons of assets with equal, unequal and infinite lives  Comparisons of deferred investments  Future worth comparisons  Pay back period comparisons
       Unit 2 Use and situations for equivalent annual worth comparison Comparisons of assets of equal and unequal life Rate of return Internal rate of return Comparison of IIR with other methods IIR misconceptions        Unit 3 Analysis of public projects: benefit/cost analysis Quantification of project Cost and benefits Benefit/cost applications Cost effectiveness analysis
 Unit 4  Depreciation  Computing depreciation charges  After tax economic comparison  Break-even analysis  Linear and non-linear models  Product and process costing  Standard costing  Cost estimation  Relevant cost for decision making  Cost control and cost reduction techniques
Engineering Economics  Engineering economics, previously known as engineering economy, is concerned with the use and application of economic principles in the analysis of engineering decisions.

Lecture Notes