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Lesson Plan

1) The document provides a course plan for the subject "Engineering Economics and Cost Analysis" for 4th year students. It covers 5 units over the course of the semester. 2) The 5 units are: Introduction to Economics, Value Engineering, Cash Flow, Replacement and Maintenance Analysis, and Depreciation. Each unit lists the topics to be covered in lectures along with the supporting textbook material. 3) The course plan provides details of each lecture, including the lecture topic, duration and associated textbook pages. It also lists the textbook and reference materials for the subject.

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88 views

Lesson Plan

1) The document provides a course plan for the subject "Engineering Economics and Cost Analysis" for 4th year students. It covers 5 units over the course of the semester. 2) The 5 units are: Introduction to Economics, Value Engineering, Cash Flow, Replacement and Maintenance Analysis, and Depreciation. Each unit lists the topics to be covered in lectures along with the supporting textbook material. 3) The course plan provides details of each lecture, including the lecture topic, duration and associated textbook pages. It also lists the textbook and reference materials for the subject.

Uploaded by

lukhman
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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KARPAGAM INSTITUTE OF TECHNOLOGY

COIMBATORE-641 105
DEPARTMENT OF MECHANICAL ENGINEERING

COURSE PLAN

Subject Code & Name: ME6863 & ENGINEERING ECONOMICS AND COST ANALYSIS

Department: MECHANICAL Year: IV Semester: 08


Academic Year: 2016-2017
Regulation Year: 2013

S.No Lecturer Topics to be covered Support Material


(Hr) (with Page No.)
UNIT-I (INTRODUCTION TO ECONOMICS)
1 1 Overview and basics of Economics
2 1 Introduction to Economics- Flow in an economy. T1-1
3 1 Law of supply and demand T1-2
4 1 Concept of Engineering Economics T1-4
Engineering efficiency, Economic efficiency, Scope of
5 1 T1-4
engineering economics
Element of costs, Marginal cost, Marginal Revenue, Sunk
6 1 T1-7
cost, Opportunity cost,
7 1 Break-even analysis- P/V ratio, T1-9
Elementary economic Analysis. Material selection for
8 1 T1-16
product Design, selection for a product,
9 1 Process planning T1-22
10 1 Discussion of Anna University Question papers
UNIT-2 (VALUE ENGINEERING)
11 1 Overview and basics of Value engineering
12 1 Make or buy decision. - Value engineering T1-168
Value engineering - Function, aims, Value engineering
13 1 T1-198
procedure.
14 1 Interest formulae and their applications. Time value of T1-26
money
Single payment compound amount factor, Single payment
15 1 T1-30
present worth factor,
16 1 Equal payment series sinking fund factor T1-31
17 1 Equal payment series payment Present worth factor T1-29
18 1 Equal payment series capital recovery factor T1-32
19 1 Uniform gradient series annual equivalent factor T1-35
20 1 Effective interest rate, Examples in all the methods. T1-37
21 1 Discussion of Anna University Question papers
UNIT-3 (CASH FLOW)
22 1 Overview and basics of Cash Flow
Methods of comparison of alternatives.
23 1 Present worth method (Revenue dominated cash flow T1-42
diagram).
24 1 Problems on Present worth method T1-44
Future worth method (Revenue dominated cash flow
25 1 T1-55
diagram, cost dominated cash flow diagram),
26 1 Problems on Future worth method T1-56
Annual equivalent method (Revenue dominated cash flow
27 1 diagram, cost dominated cash flow diagram). T1-68

28 1 Problems Annual equivalent method T1-70


29 1 Rate of return method T1-88
30 1 Examples in all the methods.

31 1 Discussion of Anna University Question papers


UNIT-4 (REPLACEMENT AND MAINTENANCE ANALYSIS)
Introduction and basics of Replacement and Maintenance
32 1
Analysis
33 1 Types of maintenance. T1-101
34 1 Types of replacement problem. T1-101
35 1 Determination of economic life of an asset. T1-102
36 1 Replacement of an asset with a new asset. T1-108
37 1 Types of maintenance capital recovery with return. T1-108
38 1 Concept of challenger and defender. T1-109
39 1 Simple probabilistic model for items which fail completely. T1-118
40 1 Problems
41 1 Discussion of Anna University Question papers
UNIT-5 (DEPRECIATION)
42 1 Introduction and basics of Depreciation
43 1 Depreciation- Introduction, Causes of Depreciation T1-126
Straight line method of depreciation, declining balance
44 1 T1-126
method of depreciation
45 1 Sum of the years digits method of depreciation T1-130
Sinking fund method of depreciation/ Annuity method of
46 1 T1-131
Depreciation,
47 1 Service output method of depreciation T1-134
Evaluation of public alternatives- introduction and
48 1 T1-137
Examples
49 1 Inflation adjusted decisions - procedure to adjust inflation. T1-147
50 1 Examples on comparison of alternatives T1-38
51 1 Determination of economic life of asset. T1-102
52 1 Discussion of Anna University Question papers

TEXT BOOKS:
Panneer Selvam, R, “Engineering Economics”, Prentice Hall of India Ltd, New Delhi, 2001.

REFERENCE BOOKS:
R1 Chan S.Park, “Contemporary Engineering Economics”, Prentice Hall of India, 2002.
Donald.G. Newman, Jerome.P.Lavelle, “Engineering Economics and analysis” Engg.
R2
. Degarmo, E.P., Sullivan, W.G and Canada, J.R, “Engineering Economy”, Macmillan,
R3 New York, 1984
Grant.E.L., Ireson.W.G., and Leavenworth, R.S, “Principles of Engineering
Economy”, Ronald Press, New York,1976.
R4
R5. Zahid A khan: Engineering Economy, "Engineering Economy", Dorling Kindersley, 2012

HOD
FACULTY MEMBER

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