Engineering Economy

  • Computer Science |

Description

Cost Analysis., Principles of money – time relations, the concept of economic equivalence, Cash flow diagrams: Interest formulas and uniform series, Cash flow diagrams: Uniform gradient series, Nominal and effective interest rates, continuous compounding, and continuous cash flows., Applications of engineering economy, Depreciation., Evaluating Projects with Benefit-to Cost ratio Method.

Program

Bachelor of Computer Science - 132 CRs

Objectives

  • This course aims at the study of basic concepts emphasizing analysis of aggregate economy and examination of the processes of price determination and calculation of optimum demand for maximum profit. It also introduces the basic principles of money-time relationship, methods of investment assessment and fundamental techniques of comparison of investment opportunities and theories of depreciation of physical facilities and study of cost recovery systems.

Textbook

William G Sullivan, Elin M Wicks, & C. Patrick Koelling, “Engineering Economy”, 15th Edition, Prentice Hall, 2011

Course Content

content serial Description
1Introduction and overview
2Cost Analysis
3Principles of money – time relations, the concept of economic equivalence
4Cash flow diagrams: Interest formulas and uniform series
5Cash flow diagrams: Uniform gradient series
6Nominal and effective interest rates, continuous compounding and continuous cash flows
77th Week assessment+ Applications of engineering economy
8Applications of engineering economy: Methods of investment assessment (1)
9Applications of engineering economy: Methods of investment assessment (2)
10Comparing alternatives: Useful life is equal to the study period
11Comparing alternatives: Useful life different from the study period
1212th Week assessment + Depreciation
13Depreciation
14Evaluating Projects with Benefit-to Cost ratio Method
15Revision

Markets and Career

  • Generation, transmission, distribution and utilization of electrical power for public and private sectors to secure both continuous and emergency demands.
  • Electrical power feeding for civil and military marine and aviation utilities.
  • Electrical works in construction engineering.

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