Civil Engineering
Fundamental concepts, terminology, and the economic environment in engineering.
Understanding simple and compound interest, cash flow diagrams, and the core concept of time value.
Analysis of uniform series (annuities), deferred annuities, perpetuities, and arithmetic/geometric gradients.
Analysis of uniform series (annuities), arithmetic gradients, and geometric gradients.
Distinguishing between nominal and effective rates, and handling discrete vs. continuous compounding.
Distinguishing between nominal and effective rates, and continuous compounding.
Evaluating alternatives using the Present Worth method, Least Common Multiple (LCM), and Capitalized Cost.
Evaluating alternatives using the Present Worth method and Capitalized Cost.
Comparing alternatives using Future Worth, Annual Worth methods, and Capital Recovery.
Comparing alternatives using Future Worth and Annual Worth methods.
Calculating Internal Rate of Return (IRR), External Rate of Return (ERR), and Incremental Analysis.
Calculating Internal Rate of Return (IRR) and External Rate of Return (ERR).
Understanding the effects of inflation, real vs actual dollars, and the Fisher Equation in engineering economic analysis.
Understanding the effects of inflation on engineering economic analysis.
Methods of depreciation including Straight Line, Declining Balance, SYD, MACRS, and Depletion.
Methods of depreciation including Straight Line, Declining Balance, SYD, and Sinking Fund.
Determining when an existing asset should be replaced by calculating Economic Service Life (ESL) and analyzing Defender vs Challenger.
Determining when an existing asset should be replaced by a new alternative.
Public sector project analysis using B/C ratio and Payback Period methods.
Public sector project analysis using B/C ratio and Payback Period method.
Decision making under uncertainty using Break-Even (linear and non-linear) and Sensitivity analysis.
Decision making under uncertainty using Break-Even and Sensitivity analysis.
Performing economic evaluations considering the impact of corporate taxes, effective tax rates, and After-Tax Cash Flow (ATCF).
Performing economic evaluations considering the impact of corporate taxes and depreciation.
Selecting a portfolio of independent projects under a strict capital constraint.
Selecting a portfolio of independent projects under a capital constraint.