UNIT 1:
Element of costs, Marginal cost
Introduction to Economics- Flow in an economy
Law of supply and demand, Concept of Engineering Economics
Break-even analysis - V ratio
Elementary economic Analysis
Material selection for product Design selection for a product, Process planning.
Elementary economic Analysis
Law of supply and demand, Concept of Engineering Economics
UNIT 2:
Make or buy decision, Value engineering
Function, aims, Value engineering procedure
Interest formulae and their applications –Time value of money
Single payment compound amount factor, Single payment present worth factor,
Equal payment series sinking fund factor
Equal payment series payment Present worth factor
equal payment series capital recovery factor
Uniform gradient series annual equivalent factor,
Effective interest rate, Examples in all the methods
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
PRESENT WORTH METHOD (COST DOMINATED CASH FLOW DIAGRAM)
UNIT 4:
REPLACEMENT AND MAINTENANCE ANALYSIS
TYPES OF REPLACEMENT 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:
DEPRECIATION INTRODUCTION
DECLINE BALANCE METHOD OF DEPRECIATION
SUM OF YEARS DIGIT METHOD OF DEPRECIATION
SINKING FUND METHOD OF DEPRECIATION
EVALUATION OF PUBLIC ALTERNATIVES
INTR EXAMPLE INFLATION ADJUSTED DECISION
PROCEDURE TO ADJUST THE INFLATION
EXAMPLES OF COMPARISON OF ALTERNATIVES
DETERMINATION OF ECONOMIC LIFE OF AN ASSET
