NOC:Engineering Economic Analysis


Lecture 1 - Introduction to Engineering Economy, Physical and Economic Environment, Phases in Engg. process


Lecture 2 - Some economic concepts, Value and utility, Interest and Interest rate, Time value of money


Lecture 3 - Interest formulas: Simple and compound interest, Cash flow diagrams


Lecture 4 - Interest formulas for discrete compounding and discrete payments: Single payment (CAF and PWF)


Lecture 5 - Interest formulas for discrete compounding and discrete payments: Equal payment series (CAF, CRF and PWF)


Lecture 6 - Problem solving on discrete compounding, discrete payment


Lecture 7 - Interest formulas for Uniform gradient series


Lecture 8 - Interest formulas for geometric gradient series


Lecture 9 - Compounding frequency of Interest: Nominal and Effective interest rates


Lecture 10 - Problem solving on frequency compounding of interest and gradient series factors


Lecture 11 - Economic equivalence: Meaning and principles of equivalence


Lecture 12 - Equivalence calculations involving cash flows


Lecture 13 - Methods of comparison of alternatives: Present worth, Annual equivalent, Future worth, Internal rate of return


Lecture 14 - comparison of alternatives: Capitalized equivalent amount, Capital recovery with return


Lecture 15 - Problem solving on equivalence and comparison of alternatives


Lecture 16 - Replacement analysis: Reason, Concept of defender and challenger


Lecture 17 - Proper treatment of sunk cost in replacement


Lecture 18 - Replacement because of improved efficiency, inadequacy, demand etc.


Lecture 19 - Problem solving on replacement analysis


Lecture 20 - Economic life of the asset


Lecture 21 - Depreciation: Definition, Reasons, Types of property, Value time function and book value


Lecture 22 - Basic depreciation methods:S-L method, Declining balance method


Lecture 23 - Depreciation: Declining balance switching to S-L, SOYD Method


Lecture 24 - Modified accelerated cost recovery system (MACRS) method of depreciation, Depletion


Lecture 25 - Depreciation: Units of production method, Depletion


Lecture 26 - Problem solving based on Depreciation and Depletion


Lecture 27 - Elements of cost: types of cost


Lecture 28 - Breakeven analysis, Effect of fixed and variable cost on BEP.


Lecture 29 - Economic order quantity


Lecture 30 - Problem solving based on Breakeven analysis and EOQ


Lecture 31 - Cost estimation: Methods of cost estimation, Adjustment of data, Learning


Lecture 32 - cost estimating relationships


Lecture 33 - Introduction to decision under risk Criteria for decision under risk


Lecture 34 - Expected value decision making under risk


Lecture 35 - Expected variance decision making under risk


Lecture 36 - Problem solving based on decision under risk


Lecture 37 - Income taxes: Principles and calculation of effective income tax rates


Lecture 38 - Effect of method of depreciation on income taxes


Lecture 39 - After tax economic analysis


Lecture 40 - Problem solving based on Income tax analysis