Engineering Economics detailed syllabus scheme for Production Engineering (PR), 2018-19 onwards has been taken from the DBATU official website and presented for the Bachelor of Technology students. For Subject Code, Course Title, Lecutres, Tutorials, Practice, Credits, and other information, do visit full semester subjects post given below.
For 6th Sem Scheme of Production Engineering (PR), 2018-19 Onwards, do visit PR 6th Sem Scheme, 2018-19 Onwards. For the Elective-IV scheme of 6th Sem 2018-19 onwards, refer to PR 6th Sem Elective-IV Scheme 2018-19 Onwards. The detail syllabus for engineering economics is as follows.
Engineering Economics Syllabus for Production Engineering (PR) 3rd Year 6th Sem 2018-19 DBATU
Course Objectives:
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Pre-requisite:
None
Course Outcomes:
At the end of the course, students will be able to:
- Apply the appropriate engineering economics analysis method ( s ) for problem solving: present worth, annual cost, rate-of-return, payback, break-even, Benefit-cost ratio.
- Evaluate the cost effectiveness of individual engineering projects using the methods learned and draw inferences for the investment decisions based on life cycle cost of projects.
- Compute the depreciation of an asset using standard Depreciation techniques to assess its impact on present or future value.
- Apply all mathematical approach models covered in solving engineering economics problems: mathematical formulas, interest factors from tables, Excel functions and graphs. Estimate reasonableness of the results.
- Examine and evaluate probabilistic risk assessment methods.
- Compare the differences in economic analysis between the private and public sectors. Recognize the limits of mathematical models for factors hard to quantify.
Unit 1
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Unit 2
Value Engineering
Make or buy decision, Value engineering: Function, aims, and 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 in all the methods.
Unit 3
Cash Flow
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 in all the methods.
Unit 4
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Unit 5
Depreciation
Depreciation: Introduction, Straight line method of depreciation, declining balance method of depreciation: Sum of the years digits method of depreciation, sinking fund method of depreciation/ Annuity method of depreciation, service output method of depreciation-
Unit 6
Evaluation of Public Alternatives
Introduction, Examples, Inflation adjusted decisions: procedure to adjust inflation, Examples on comparison of alternatives and determination of economic life of asset.
Text Books:
- Panneer Selvam R, Engineering Economics, Prentice Hall of India Ltd, New Delhi, 2001.
Reference Books:
For the complete syllabus, results, class timetable, and many other features kindly download the iStudy App
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For detail syllabus of all subjects of Production Engineering (PR) 6th Sem 2018-19 onwards, visit PR 6th Sem Subjects of 2018-19 Onwards.