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Courses » Engineering Economic Analysis

Engineering Economic Analysis

ABOUT THE COURSE:

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

PRE-REQUISITES:

Basic Knowledge of economics & mathematics

INDUSTRIES THAT WILL RECOGNIZE THIS COURSE: NIL





Dr Pradeep K. Jha is presently working as Associate Professor in the Department of Mechanical & Industrial Engineering at IIT Roorkee. He has been teaching the course on “Engineering Economy” to 2nd year undergraduate students of the Department for the last six years (a semester every year).

MORE DETAILS ABOUT THE COURSE

Course url: https://onlinecourses.nptel.ac.in/noc16_me13/
Course duration : 8 weeks
Start date and end date of course: July 18, 2016 – September 09, 2016
Dates of exams : 18 & 25 Sep 2016
Time of Exam: 2pm - 5pm

Final List of exam cities will be available in exam registration form.
Exam registration url - Will be announced shortly

Exam Fee: The online registration form has to be filled and the certification exam fee of approximately Rs1000 (non-Programming)/1250(Programming) needs to be paid.


CERTIFICATE

E-Certificate will be given to those who register and write the exam. Certificate will have your name, photograph and the score in the final exam. It will have the logos of NPTEL and Institute which is coordinating.
It will be e-verifiable at nptel.ac.in/noc



COURSE PLAN


Week 1:     Introduction to Engineering Economy, Time value of money, Cash flow diagrams, Interest and Interest rate, Discrete compounding and payment
Week 2:     Interest formulae for discrete compounding and discrete payments- Gradient series factors, Nominal & Effective interest
Week 3:  Economic equivalence, Methods of comparison of alternatives 
Week 4:  Replacement analysis, Economic life of the asset
Week 5:    Depreciation and Depletion
Week 6:  Elements of cost, Break even analysis, Economic order quantity,
Week 7:  Cost estimation, Decision under risk and uncertainty
Week 8:  Effect of taxation on economic studies, Income tax analysis

SUGGESTED READING

Engineering Economy, (DeGarmo, Sullivan & Canada), Collier Macmillan
Engineering Economy, (Thuesen & Fabrycky), Pearson
Engineering Economics, (Panneerselvam), PHI
Engineering Economic Analysis, (Newnan, Eschenbach & Lavelle), Oxford University Press
Engineering Economy, (Blank & Tarquin), McGraw-Hill