Engineering Economics and Cost Estimation for B.Tech 8th sem is covered here. This gives the details about credits, number of hours and other details along with reference books for the course.
The detailed syllabus for Engineering Economics and Cost Estimation B.Tech (R13) eighthsem is as follows
OBJECTIVES:
- Import and train the student to cost estimation of component
- To provide knowledge about value engineering
- To know about the cash slow in Industry.
- To solve problem on depreciation.
UNIT I : INTRODUCTION TO ECONOMICS [8 Hours]
Introduction to economics – Flow in an economy – Law of supply and demand – Concept of engineering economics – Engineering efficiency – Economic efficiency – Scope of engineering economics – Element of costs – Marginal cost – Marginal revenue – Sunk cost – Opportunity cost – Break-even analysis – V ratio – Elementary economic analysis – Material selection for product design selection for a product – Process planning.
UNIT II : VALUE ENGINEERING [10 Hours]
Make or buy decision – Value engineering – Function – Aims – Value engineering procedure – Interest formulae and their applications –Time value of money – Single payment compound amount factor – Single payment present worth factor – Equal payment series sinking fund factor – Equal payment series payment Present worth factor – Equal payment series capital recovery factor – Uniform gradient series annual equivalent factor – Effective interest rate – Examples all methods.
UNIT III : CASH FLOW [9 Hours]
Methods of comparison of alternatives – Present worth method (Revenue dominated cash flow diagram) – Future worth method (Revenue dominated cash flow diagram, cost dominated cash flow diagram) – Annual equivalent method (Revenue dominated cash flow diagram, cost dominated cash flow diagram) – Rate of return method – Examples all methods.
[TOTAL: 45 PERIODS]
OUTCOMES:
- Ability to perfom cost analysis
- Ability to demonstrate the effects of depreciation, on price
TEXT BOOKS
- Panneer Selvam, R., “Engineering Economics”, Prentice Hall of India Ltd, 2001.
- Smith, G.W., “Engineering Economy”, Lowa State Press, 1973.
REFERENCES
- Park, C.S., “Contemporary Engineering Economics”, Prentice Hall of India, 2002.
- Newman, D.G. and Lavelle, J.P., “Engineering Economics and Analysis”, Engineering Press, 2002.
- Degarmo, E.P., Sullivan, W.G. and Canada, J.R, “Engineering Economy”, Macmillan, 1984.
- Grant, E.L., Ireson, W.G. and Leavenworth, R.S., “Principles of Engineering Economy”, Ronald Press, 1976.
For all other B.Tech ML 8th sem syllabus go to Anna University B.Tech MATERIAL SCIENCE AND ENGINEERING (ML) 8th Sem Course Structure for (R13) Batch.All details and yearly new syllabus will be updated here time to time. Subscribe, like us on facebook and follow us on google plus for all updates.
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