Introduction to Engineering Economics

• Overview of engineering economics principles
• Importance in decision-making and project evaluation

Time Value of Money

• Fundamental concepts of present and future value
• Applications in financial analysis

Combining Factors

• Uniform series, gradients, and other factor calculations
• Use in compound interest and annuity problems

Interest Rates

• Nominal and effective interest rates
• Applications in engineering and financial projects

Money Worth Analysis

• Net present value (NPV) and its applications
• Future worth and annual worth analysis

Rate of Return Analysis

• Internal rate of return (IRR) and external rate of return (ERR)
• Comparison of project alternatives

Effects of Inflation

• Impact of inflation on project economics
• Adjustments for real and nominal values

Benefit-Cost & Break-Even Point Analysis

• Cost-benefit ratio and decision criteria
• Calculating break-even points for profitability analysis

Sensitivity Analysis

• Identifying and analyzing critical factors in decision-making
• Applications in risk assessment

Depreciation

• Methods of calculating depreciation (e.g., straight-line, declining balance)
• Applications in tax and asset valuation

Tax Analysis

• Tax implications in project evaluation
• Impact of taxes on cash flow and profitability

Cost Estimation & Allocation

• Methods of cost estimation
• Allocating costs in multi-project environments

Capital Budgeting & Replacement Analysis

• Decision-making for capital investments
• Economic analysis for equipment replacement and upgrades