UNIT 1:
Introduction to Economics- Flow in an economy
Law of supply and demand, Concept of Engineering Economics
Element of costs, Marginal cost
Break-even analysis - V ratio
Elementary economic Analysis
Material selection for product Design selection for a product, Process planning.
Law of supply and demand, Concept of Engineering Economics
Engineering efficiency, Economic efficiency, Scope of engineering economics
Element of costs, Marginal cost
Material selection for product Design selection for a product, Process planning.
UNIT 2:
equal payment series capital recovery factor
Make or buy decision, Value engineering
Function, aims, Value engineering procedure
Single payment compound amount factor, Single payment present worth factor,
Uniform gradient series annual equivalent factor,
UNIT 3:
METHODS OF COMPARISON OF ALTERNATIVES
PRESENT WORTH METHOD (REVENUE DOMINATED CASH FLOW DIAGRAM)
PRESENT WORTH METHOD (COST DOMINATED CASH FLOW DIAGRAM)
FUTURE WORTH METHOD (REVENUE DOMINATED CASH FLOW DIAGRAM)
FUTURE WORTH METHOD (COST DOMINATED CASH FLOW DIAGRAM
ANNUAL EQUIVALENT METHOD (REVENUE DOMINATED CASH FLOW DIAGRAM
ANNUAL EQUIVALENT METHOD (COST DOMINATED CASH FLOW DIAGRAM
METHODS OF COMPARISON OF ALTERNATIVES
UNIT 4:
TYPES OF REPLACEMENT ANALYSIS
REPLACEMENT AND MAINTENANCE ANALYSIS
DETERMINATION OF ECONOMIC LIFE OF AN ASSET
REPLACEMENT OF AN ASSET WITH NEW ASSET
CASE STUDIES AND PROBLEMS
CAPITAL RECOVERY WITH RETURN
SIMPLE PROBILISTIC MODEL FOR ITEMS WHICH FAIL COMPLETELY
PROBLEMS AND CASE STUDIES
UNIT 5:
DECLINE BALANCE METHOD OF DEPRECIATION
SUM OF YEARS DIGIT METHOD OF DEPRICIATION
SINKING FUND METHOD OF DEPRECIATION
EVALUATION OF PUBLIC ALTERNATIVES
INTRO EXAMPLE INFLATION ADJUSTED DECISION
PROCEDURE TO ADJUST THE INFLATION
EXAMPLES OF COMPARISON OF ALTERNATIVES
DETERMINATION OF ECONOMIC LIFE OF AN ASSET