To introduce the fundamental concepts of economics/finance/costing and to explain how these will affect the functioning of an engineering company and contribute to decision making in engineering operations. Throughout the application and slides,you are expected,• To understand the time value of money and principles of engineering economics • To develop skills to perform economic analysis of various engineering projects• To gain the ability to make informed financial decisions as a project evaluation team member or project manager• Learn and use basic concepts for dealing with risk and uncertainty in project outcomes• Practice engineering report writing, and written and oral communication skills• To built critical decision making tools for making appropriate personal, private or public economic and financial decisions.
The application contains 10 different course slides and 17 different calculation system for economy decision.
Slides:* Enginnering Economic Decisions* Time Value of Money* Understanting Money Management* Equivalence Calculations Under Inflation* Present Worth Analysis* Annual Equivalence Analysis* Accounting for Depreciation and Inocome Taxses* Project Cash Flow Analysis* Handling Project Uncertainity
Special Calculators:* Compound Interest (F/P)* Equal Payment Series Compound Amount Factor (F/A)* Capital Recovery Factor (A/P)* Linear Gradient Series* Effective Interest Rate per Payment Period * Effective Interest Rate per Payment Period (Continuous)* Capital Recovery Cost Factor (CR(i))* Conversion From Constant to Actual Dollars* Conversion From Actual to Constant Dollars* General Inflation Rate (CPIn/f')* Adjust - Discount Method (i/i')