Engineering Economics - MG6863

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Engineering Economics

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Engineering Economics



INTRODUCTION TO ECONOMICS


Introduction to Economics
Laws of supply and demand
Concept of Engineering Economics
Elements of Costs
Break-Even Analysis
Elementary Economic Analysis
Material Selection For A Product/Substitution Of Raw Material
Process Planning /Process Modification
Important Questions and Answers: Introduction to Economics

VALUE ENGINEERING


Value Engineering
Function of Value Engineering
Value Engineering Procedure
Interest rate Formulas
Important Questions and Answers: Value Engineering

CASH FLOW


Cash Flow: Bases for Comparison of Alternatives
Present worth method
Future worth method
Annual equivalent method
Rate of return method
Important Questions and Answers: Cash Flow

REPLACEMENT AND MAINTENANCE ANALYSIS


Replacement And Maintenance Analysis
Types of Maintenance
Types of Replacement Problem
Simple Probabilistic Model For Items Which Fail Completely
Determination of Economic Life of an Asset
Capital Recovery with Return and Concept of Challenger and Defender
Important Questions and Answers: Replacement And Maintenance Analysis

DEPRECIATION


Depreciation
Methods of Depreciation
Worked out Problems: Depreciation
Important Questions and Answers: Depreciation
Important Questions and Answers:- Engineering Economics & Cost Analysis

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