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Last updated:

September 25, 2023

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FREE

This course includes:

Unlimited Duration

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Certificate of completion

Unlimited Duration

Description

Engineering Economic Analysis. Instructor: Prof. Pradeep K. Jha, Department of Mechanical and Industrial Engineering, IIT Roorkee.

The course focuses on economic and cost analysis of engineering projects, giving insights on modern techniques and methods used on economic feasibility studies relating to design and implementation of engineering projects. The basic purpose of this course is to provide a sound understanding of concepts and principles of engineering economy and to develop proficiency with methods for making rational decisions regarding problems likely to be encountered in professional practice. (from nptel.ac.in)

Course Curriculum

  • Lecture 01 – Introduction to Engineering Economy Unlimited
  • Lecture 02 – Some Economic Concepts, Value and Utility, Interest and Interest rate, … Unlimited
  • Lecture 03 – Interest Formulas: Simple and Compound Interest, Cash Flow Diagrams Unlimited
  • Lecture 04 – Interest Formulas for Discrete Compounding and Discrete Payments: Single Payment Unlimited
  • Lecture 05 – Interest Formulas for Discrete Compounding and Discrete Payments Unlimited
  • Lecture 06 – Problem Solving on Discrete Compounding, Discrete Payment Unlimited
  • Lecture 07 – Interest Formulas for Uniform Gradient Series Unlimited
  • Lecture 08 – Interest Formulas for Geometric Gradient Series Unlimited
  • Lecture 09 – Compounding Frequency of Interest: Nominal and Effective Interest Rates Unlimited
  • Lecture 10 – Problem Solving on Frequency Compounding of Interest and Gradient Series Unlimited
  • Lecture 11 – Economic Equivalence: Meaning and Principles of Equivalence Unlimited
  • Lecture 12 – Equivalence Calculations involving Cash Flows Unlimited
  • Lecture 13 – Methods of Comparison of Alternatives: Present Worth, Annual Equivalent, … Unlimited
  • Lecture 14 – Comparison of Alternatives: Capitalised Equivalent Amount, … Unlimited
  • Lecture 15 – Problem Solving on Equivalence and Comparison of Alternatives Unlimited
  • Lecture 16 – Replacement Analysis: Reason, Concept of Defender and Challenger Unlimited
  • Lecture 17 – Proper Treatment of Sunk Cost in Replacement Unlimited
  • Lecture 18 – Replacement because of Improved Efficiency, Inadequacy, Demand etc. Unlimited
  • Lecture 19 – Problem Solving on Replacement Analysis Unlimited
  • Lecture 20 – Economic Life of the Asset Unlimited
  • Lecture 21 – Depreciation: Definition, Reasons, Types of Property, Value Time Function Unlimited
  • Lecture 22 – Basic Depreciation Methods: S-L Method, Declining Balance Method Unlimited
  • Lecture 23 – Depreciation: Declining Balance Switching to S-L, SOYD Method Unlimited
  • Lecture 24 – Modified Accelerated Cost Recovery System Method of Depreciation, Depletion Unlimited
  • Lecture 25 – Depreciation: Units of Production Method, Depletion Unlimited
  • Lecture 26 – Problem Solving based on Depreciation and Depletion Unlimited
  • Lecture 27 – Elements of Cost: Types of Cost Unlimited
  • Lecture 28 – Break-even Analysis, Effect of Fixed and Variable Cost on BEP Unlimited
  • Lecture 29 – Economic Order Quantity Unlimited
  • Lecture 30 – Problem Solving based on Break-even Analysis and EOQ Unlimited
  • Lecture 31 – Cost Estimation: Methods of Cost Estimation, Adjustment of Data Unlimited
  • Lecture 32 – Cost Estimating Relationships Unlimited
  • Lecture 33 – Introduction to Decision under Risk, Criteria for Decision under Risk Unlimited
  • Lecture 34 – Expected Value Decision Making under Risk Unlimited
  • Lecture 35 – Expected Variance Decision Making under Risk Unlimited
  • Lecture 36 – Problem Solving based on Decision under Risk Unlimited
  • Lecture 37 – Income Taxes: Principles and Calculation of Effective Income Tax Rates Unlimited
  • Lecture 38 – Effect of Method of Depreciation on Income Taxes Unlimited
  • Lecture 39 – After Tax Economic Analysis Unlimited
  • Lecture 40 – Problem Solving based on Income Tax Analysis Unlimited

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