Engineering Economics

Cost analysis is an important aspect in the engineering decision making process. The course provides participants with the knowledge to seek solutions to engineering problems from a financial perspective. Participants learn to develop cash flow diagrams and work with discount factors, depreciation, tax considerations, annual maintenance cost and inflation to determine break-even analysis, rate of return and evaluate best alternatives.

  • Cash Flow Diagrams
  • Choice Between Alternatives
  • Income Tax
  • Depreciation
    • Straight Line Method
    • Double Declining Balance Method
    • Sum of the Year’s Digits Method
  • Rate and Period Changes
  • Probabilistic Scenarios
  • Break Even Analysis
  • Direct Reduction Loans