Engineering Economic Analysis
Curriculum
- 8 Sections
- 45 Lessons
- 10 Weeks
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- Introduction1
- A Student's Guide to Smart Engineering Decisions: The Core of Economic Analysis6
- 2.1Introduction: Why Economics Matters to an Engineer
- 2.21. A Framework for Rational Decisions
- 2.32. The Golden Rule: Money’s Value Changes Over Time
- 2.43. Thinking Like an Economist: Understanding the Real Costs
- 2.54. Making the Final Choice: A Simple Guide
- 2.65. Conclusion: Your Journey into Economic Analysis
- Understanding the Building Blocks of Cost: A Guide for Future Engineers6
- Briefing Document: Core Principles of Engineering Economic Analysis8
- 4.1Executive Summary
- 4.2I. The Foundation of Engineering Economic Decisions
- 4.3II. Cost Concepts and Cost Estimating
- 4.4III. The Time Value of Money and Equivalence
- 4.5IV. Core Methodologies for Alternative Analysis
- 4.6V. Incorporating Real-World Complexities
- 4.7VI. Specialized Analysis Contexts
- 4.8VII. The Role of Accounting and Spreadsheets
- Comprehensive Lecture Notes: Principles of Engineering Economic Analysis7
- 5.1Introduction: The Engineer’s Role in Economic Decision-Making
- 5.2Module 1: Foundations of Decision-Making and Cost Analysis
- 5.3Module 2: The Time Value of Money and Equivalence
- 5.4Module 3: Core Project Evaluation Methods: PW, FW, and AW Analysis
- 5.5Module 4: Rate of Return (IRR) and Incremental Analysis
- 5.6Module 5: Real-World Factors: Depreciation, Taxes, and Inflation
- 5.7Module 6: Advanced Topics and Special Analyses
- A Strategic Framework for Engineering Project Investment Decisions8
- 6.1Introduction: The Imperative for Analytical Rigor in Engineering Investments
- 6.21.0 The Foundational Process for Rational Decision-Making
- 6.32.0 A Taxonomy of Engineering Costs: Assembling Relevant Financial Data
- 6.43.0 The Core Principle: Time Value of Money and Economic Equivalence
- 6.54.0 A Toolkit of Analytical Methodologies for Project Comparison
- 6.65.0 Integrating Real-World Complexities into the Analysis
- 6.76.0 Application Highlight: The Asset Replacement Decision
- 6.87.0 Conclusion: From Analysis to Strategic Advantage
- A Framework for Prudent Public Works Investment: Maximizing Societal Benefit Through Rigorous Economic Analysis5
- Study Guide for Engineering Economic AnalysisThis guide provides a comprehensive review of key concepts in engineering economic analysis. It includes a short-answer quiz with a corresponding answer key to test understanding, a set of essay questions to encourage deeper synthesis of the material, and a detailed glossary of essential terms and definitions.4