Engineering Economics [Mechanical Department]

Engineering Economics [Mechanical Department]

Engineering Economics

INTRODUCTION TO ECONOMICS

1. Introduction to Economics
2. Laws of supply and demand
3. Concept of Engineering Economics
4. Elements of Costs
5. Break-Even Analysis
6. Elementary Economic Analysis
7. Material Selection For A Product/Substitution Of Raw Material
8. Process Planning /Process Modification
9. Important Questions and Answers: Introduction to Economics

VALUE ENGINEERING

1. Value Engineering
2. Function of Value Engineering
3. Value Engineering Procedure
4. Interest rate Formulas
5. Important Questions and Answers: Value Engineering

CASH FLOW

1. Cash Flow: Bases for Comparison of Alternatives
2. Present worth method
3. Future worth method
4. Annual equivalent method
5. Rate of return method
6. Important Questions and Answers: Cash Flow

REPLACEMENT AND MAINTENANCE ANALYSIS

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

DEPRECIATION

1. Depreciation
2. Methods of Depreciation
3. Worked out Problems: Depreciation
4. Important Questions and Answers: Depreciation
5. Important Questions and Answers:- Engineering Economics & Cost Analysis