Engineering Economics and Cost Estimation Syllabus for VTU BE 2017 Scheme (Open Elective-2)

Engineering Economics and Cost Estimation detail syllabus for various departments, 2017 scheme is taken from VTU official website and presented for VTU students. The course code (17AU661), and for exam duration, Teaching Hr/week, Practical Hr/week, Total Marks, internal marks, theory marks, duration and credits do visit complete sem subjects post given below.

For all other open elective-2 syllabus for vtu be 2017 scheme you can visit Open Elective-2 syllabus for VTU BE 2017 Scheme Subjects. The detail syllabus for engineering economics and cost estimation is as follows.

Course Objectives:

At the end of the course, students will be able to

• Explain method to Perform and evaluate present worth, future worth and annual worth analyses on one of more economic alternatives.
• Calculate payback period and capitalized cost on one or more economic alternatives.
• Describe method to carry out and evaluate benefit/cost, life cycle and breakeven analyses on one or more economic alternatives
• Discuss Preparation of cost estimation report for any project.
• Describe cost accounting, replacement analysis.

Module 1
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Module 2

Money and Exchange: Theory of exchange, Barter, stock exchange, Speculation money qualities of a good money, function of a money, classification of money, value of money, index number, appreciation and depreciation of money value, Gresham’s Law and its limitations Taxation and Insurance: Principle of taxation, characteristics of a good taxation system, kinds of taxes, and their merits and demerits, Vehicle Insurance, Loss Assessment.

Module 3

Interest and Depreciation: Introduction, theory of interest, interest rate, interest from lender’s and borrower’s view point, simple and compound interest. Nominal and effective interest rates, interest formulae annual compounding, annual payments and continuous compounding annual payment, simplenumerical problems. Need for depreciation, causes of depreciation life and salvage value methods of depreciation, simple numerical problems.

Module 4

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Module 5

Book Keeping and Accounts:
Introduction, Necessity of book keeping, single entry and double entry system, Classification of assets, Journal, Ledger, Trial balance, Final accounts, trading, profit and loss account, Balance sheet, Numerical
Cost Estimation:
Introduction, importance, objectives and functions of estimating, principle factors in estimating, Functions and qualities of an estimator, estimating procedure. Estimation of material cost and manufacturing cost of simple automotive components, Estimation of cost of overhauling and servicing of automotive components – cylinder, valves, valve seats, crankshaft, FIP, Brake drum, body building, different types of repairs.

Course Outcomes:

After completion of above course, students will be able to

• Perform and evaluate present worth, future worth and annual worth analyses on one of more economic alternatives.
• Evaluate payback period and capitalized cost on one or more economic alternatives.
• Carry out and evaluate benefit/cost, life cycle and breakeven analyses on one or more economic alternatives
• Prepare a cost estimate for any project.
• Perform and evaluate cost accounting, replacement analysis

Text Books:

1. Engineering Economics, Tara Chand, Nem Chand and Brothers, Roorkee
2. Engineering Economy, Thuesen, G. J. and Fabrycky, W. J., Prentice Hall of India Pvt. Ltd.
3. Mechanical Estimating and Costing, T. R. Banga and S. C. Sharma, Khanna Publishers, Delhi

Reference Books:

1. Industrial Organization and Engineering Economics- T. R. Banga and S. C. Sharma, Khanna Publishers, New Delhi
2. Mechanical Estimating and Costing- D. Kannappan et al., Tata McGraw Hill Publishing CompanyLtd., New Delhi
3. A Text Book of Mechanical Estimating and Costing-O.P. Khanna, DhanpatRai Publications Pvt.Ltd., New Delhi
4. Industrial Engineering and Management- O. P. Khanna, DhanpatRai and Sons, New Delhi
5. Financial Management-I. M. Pandey, Vikas Publishing House Pvt. Ltd., New Delhi
6. Engineering Economics- James L. Riggs, David D. Bedworth and Sabah U. Randhawa, Tata McGraw-Hill Publishing Co. Ltd., New Delhi

For detail syllabus of all other subjects of BE do syllabus for different schemes from menu given on top.

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