Learn · NPTEL

Course11210720940 lectures

Engineering Economic Analysis

Prof. P. K. Jha · IIT Roorkee

Start with lecture 1 At NPTEL

About

The course focuses on economic and cost analysis of 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 and principles of engineering economy and to develop proficiency with methods for making rational decisions regarding problems likely to be encountered in professional practice.

Intended audience: Bachelor students in Mechanical/Production/Industrial/Metallurgical/Civil Engineering

Prerequisites: Basic Knowledge of economics & mathematics

Lectures

Week 1

  1. Introduction YouTube
  2. Economic Concepts YouTube
  3. Interest Formulas & Cash Flow Diagrams YouTube
  4. Discrete Compounding and Discrete Payments-I YouTube
  5. Discrete Compounding and Discrete Payments-II YouTube

Week 2

  1. Problem Solving YouTube
  2. Uniform Gradient Series YouTube
  3. Geometric Gradient Series YouTube
  4. Compounding Frequency of Interest YouTube
  5. Problem Solving YouTube

Week 3

  1. Economic Equivalence YouTube
  2. Equivalence Calculations YouTube
  3. Methods of Comparison of Alternatives-I YouTube
  4. Methods of Comparison of Alternatives-II YouTube
  5. Problem Solving YouTube

Week 4

  1. Replacement Analysis YouTube
  2. Treatment of Sunk Cost in Replacement YouTube
  3. Replacement Because of Improved Efficiency YouTube
  4. Problem Solving on Replacement Analysis YouTube
  5. Economic Life of the Asset YouTube

Week 5

  1. Definition, Reasons, Types of property, Value time Function and Book value YouTube
  2. Basic Depreciation Methods: S-L Method, Declining Balance Method YouTube
  3. Declining Balance Switching to S-L, SOYD Method YouTube
  4. Modified accelerated cost recovery system (MACRS) method of depreciation, Depletion YouTube
  5. Units of production method, Depletion YouTube

Week 6

  1. Problem Solving Based on Depreciation and Depletion YouTube
  2. Elements of Cost: Types of Cost YouTube
  3. Breakeven Analysis, Effect of Fixed and Variable Cost on BEP YouTube
  4. Economic Order Quantity YouTube
  5. Problem Solving Based on Breakeven Analysis and EOQ YouTube

Week 7

  1. Cost Estimation: Methods of Cost Estimation, Adjustment of Data, Learning YouTube
  2. Cost Estimating Relationships YouTube
  3. Introduction to Decision Under Risk Criteria for Decision Under Risk YouTube
  4. Expected Value Decision Making Under Risk YouTube
  5. Expected Variance, Decision Making Under Risk YouTube

Week 8

  1. Problem Solving Based on Decision Under Risk YouTube
  2. Income Taxes: Principles and Calculation of Effective Income Tax Rates YouTube
  3. Effect of Method of Depreciation on Income Taxes YouTube
  4. After Tax Economic Analysis YouTube
  5. Problem Solving Based on Income Tax Analysis YouTube

Syllabus and materials

At NPTEL, as the course publishes them.

Credits and licence

Institution
IIT Roorkee
Department
Mechanical Engineering
Teacher
Prof. P. K. Jha
Level
Undergraduate
Language
English
Subjects
Engineering
Source
NPTEL
Licence
CC BY-NC-SA, as NPTEL states it. Non-commercial use only. NPTEL's terms
Attribution
NPTEL states: "Distributed under Creative Commons Attribution-ShareAlike / CC BY - NC - SA", beside a BY-NC-SA badge.
Who can watch
NPTEL gives no rating. Invisible Network shows it to Tweens profiles and older, judged from what the source says about it. How courses are placed