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Engineering Economics Course Outline

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15 views4 pages

Engineering Economics Course Outline

Uploaded by

Muhammad
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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DEPARTMENT OF ELECTRICAL ENGINEERING

University of Engineering and Technology, Peshawar,


BANNU Campus

Course Title and Code: Engineering Economics (EE-287) Th


Contact Hours: 3 (Theory)
Course Instructor: Engr. Muhammad Riaz
Teaching Methodology:
 Lecturing
 Home Assignments
 Quizzes
Grading Policy:
Quizzes 10%
Assignments: 10%
Mid-Term Exam: 30%
Final Exam: 50%
Text Book:
1. Engineering Economic Analysis 9th Edition by Donald G. Newnan, Jerome P. Lavelle, Ted G.
Eschenbach
2. Engineering Economy by Leland Blank & Anthony Tarquin, Seventh Edition
COURSE LEARNING OUTCOMES(CLO)
Ser CLO Domain Taxonomy level PLO
1. Demonstrate the intelligent decisions of project Cognitive 3 11
alternatives during the planning and implementation phases
based on the cost / benefit analysis.
2. Compute the total cost of a project over its entire life and Cognitive 3 11
make more informed decisions about
maintaining/replacement of assets to enhance the quality of
products and efficiency of machines.
3. Select the suitable project among the alternatives keeping in congnitive 3 6
view its impact on environment and society.
WEEKLY DISTRIBUTION OF THE COURSE
Week Course/Topics

1. • Engineering Economy
• Description and Role in Decision Making
• Performing an Engineering Economy Study
• Professional Ethics and Economic Decisions
• Interest Rate and Rate of Return

2. • Terminology and Symbols


• Cash Flows: Estimation and Diagramming
• Economic Equivalence
• Simple and Compound Interest
• Minimum Attractive Rate of Return
• Related problem
3. • Introduction to Spreadsheet Use
• The Decision-Making Process
• Single-Amount Factors (F/P and P/F )
• Related Problems
Assignment # 1, Quiz #1
4. • Uniform Series Present Worth Factor and Capital Recovery Factor
(P/A and A/P)
• Related problems
• Sinking Fund Factor and Uniform Series Compound Amount Factor
(A/F and F/A)
• Related problem
5. • Factor Values for Untabulated i or n Values
• Related problem
• Arithmetic Gradient Factors (P/G and A/G)
• Related Problem

6. • Geometric Gradient Series Factors


• Determining i or n for Known Cash Flow Values
• Related problems
• Calculations for Uniform Series that Are Shifted
• Related problems
7. • Calculations Involving Uniform Series and Randomly Placed Single
Amounts
• Calculations for Shifted Gradients
• Related problems
• Nominal and Effective Interest Rate Statements
• Related problems
• Assignment # 2, Quiz #2

8. • MID TERM EXAM

9. • Effective Annual Interest Rates


• Effective Interest Rates for Any Time Period
• Equivalence Relations: Payment Period and Compounding Period
• Related Problems
10. • Equivalence Relations: Single Amounts with PP≥CP
• Equivalence Relations: Series with PP≥CP
• Equivalence Relations: Single Amounts and Series with PP<CP
• Related Problems

11. • Effective Interest Rate for Continuous Compounding


• Formulating Alternatives
• Present Worth Analysis of Equal-Life Alternatives
• Present Worth Analysis of Different-Life Alternatives
• Related Problems Assignment # 3, Quiz # 3

12. • Future Worth Analysis


• Capitalized Cost Analysis
• Advantages and Uses of Annual Worth Analysis
• Related Problems
13. • Calculation of Capital Recovery and AW Values
• Evaluating Alternatives by Annual Worth Analysis
• AW of a Permanent Investment
• Related problems

14. • Understanding the Impact of Inflation


• Present Worth Calculations Adjusted for Inflation
• Future Worth Calculations Adjusted for Inflation
• Capital Recovery Calculations Adjusted for Inflation
• Related problems

15. • Depreciation Terminology


• Straight Line (SL) Depreciation
• Declining Balance (DB) and Double Declining Balance (DDB)
Depreciation
• Public Sector Projects
• Cost /Benefit Analysis of a Single Project
• Related Problems

16. FINAL TERM EXAM

MAPPING OF CLOS TO PROGRAM LEARNING OUTCOMES(PLO)


CLOs/PLOs CLO-1 CLO-2 CLO-3

PLO:1 (Engineering Knowledge)

PLO:2 (Problem Analysis)

PLO:3 (Development of Solutions)

PLO:4 (Investigation)

PLO:5 (Modern Tool Usage)

PLO:6 (The Engineer and Society) √

PLO:7 (Environment and Sustainability)

PLO:8 (Ethics)

PLO:9 (Individual and Teamwork)

PLO:10 (Communication)

PLO:11 (Project Management) √ √

PLO:12 (Life Long Learning)

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