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    Nptel: NOC:Engineering Economic Analysis - Video Course

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    Pratik Ghimire
    This course focuses on providing students with an understanding of engineering economic principles and methods for evaluating the costs and feasibility of engineering projects. Over 7 weeks, topics covered include time value of money, interest calculations, economic comparisons of alternatives, replacement analysis, depreciation, cost estimation, decision-making under risk and uncertainty, and tax analysis. The goal is for students to develop proficiency in rational decision-making for professional engineering practice. Prerequisites include a basic knowledge of economics and mathematics.

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    Nptel: NOC:Engineering Economic Analysis - Video Course

    Uploaded by

    Pratik Ghimire
    112 views2 pages
    This course focuses on providing students with an understanding of engineering economic principles and methods for evaluating the costs and feasibility of engineering projects. Over 7 weeks, topics covered include time value of money, interest calculations, economic comparisons of alternatives, replacement analysis, depreciation, cost estimation, decision-making under risk and uncertainty, and tax analysis. The goal is for students to develop proficiency in rational decision-making for professional engineering practice. Prerequisites include a basic knowledge of economics and mathematics.

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    This course focuses on providing students with an understanding of engineering economic principles and methods for evaluating the costs and feasibility of engineering projects. Over 7 weeks, topics covered include time value of money, interest calculations, economic comparisons of alternatives, replacement analysis, depreciation, cost estimation, decision-making under risk and uncertainty, and tax analysis. The goal is for students to develop proficiency in rational decision-making for professional engineering practice. Prerequisites include a basic knowledge of economics and mathematics.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    112 views2 pages

    Nptel: NOC:Engineering Economic Analysis - Video Course

    Uploaded by

    Pratik Ghimire
    This course focuses on providing students with an understanding of engineering economic principles and methods for evaluating the costs and feasibility of engineering projects. Over 7 weeks, topics covered include time value of money, interest calculations, economic comparisons of alternatives, replacement analysis, depreciation, cost estimation, decision-making under risk and uncertainty, and tax analysis. The goal is for students to develop proficiency in rational decision-making for professional engineering practice. Prerequisites include a basic knowledge of economics and mathematics.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    NPTEL Syllabus

    NOC:Engineering Economic
    Analysis - Video course

    COURSE OUTLINE
    The course focuses on economic and cost analysis of

    NPTEL
    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 http://nptel.ac.in
    and principles of engineering economy and to develop
    proficiency with methods for making rational decisions
    regarding problems likely to be encountered in professional
    practice.
    Mechanical
    Engineering
    COURSE DETAIL

    Week Topics Pre-requisites:

    Introduction to Engineering Economy, Time value of Basic Knowledge of


    1. money, Cash flow diagrams, Interest and Interest economics & mathematics
    rate, Discrete compounding and payment.
    Interest formulae for discrete compounding and Coordinators:
    2. discrete payments- Gradient series factors, Dr. Pradeep K. Jha
    Nominal & Effective interest. Mechanical & Industrial
    Economic equivalence, Methods of comparison of Engineering IIT Roorkee
    3. alternatives.

    Replacement analysis, Economic life of the asset.


    4.

    Depreciation and Depletion.


    5.

    Elements of cost, Break even analysis, Economic


    6. order quantity.

    Cost estimation, Decision under risk and


    7. uncertainty.

    Effect of taxation on economic studies, Income tax


    8. analysis.
    References:
    1.Engineering Economy, (DeGarmo, Sullivan & Canada), Collier
    Macmillan.
    2.Engineering Economy, (Thuesen & Fabrycky), Pearson.
    3.Engineering Economics, (Panneerselvam), PHI.
    4.Engineering Economic Analysis, (Newnan, Eschenbach &
    Lavelle), Oxford University Press.
    5.Engineering Economy, (Blank & Tarquin), McGraw-Hill.
    A joint venture by IISc and IITs, funded by MHRD, Govt of India http://nptel.ac.in

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