(See related pages)
|
|
|
| Questions Understand the types of questions engineering economy can answer. |
|
|
|
| Decision making Determine the role of engineering economy in the decisionmaking process. |
|
|
|
| Study approach Identify what is needed to successfully perform an engineering economy study. |
|
|
|
| Interest rate Perform calculations about interest rates and rate of return. |
|
|
|
| Equivalence Understand what equivalence means in economic terms. |
|
|
|
| Simple and compound interest Calculate simple interest and compound interest for one or more interest periods. |
|
|
|
| Symbols Identify and use engineering economy terminology and symbols. |
|
|
|
| Spreadsheet functions Identify the Excel© spreadsheet functions commonly used to solve engineering economy problems. |
|
|
|
| Minimum Attractive Rate of Return Understand the meaning and use of Minimum Attractive Rate of Return (MARR). |
|
|
|
| Cash flows Understand cash flows, their estimation, and how to graphically represent them. |
|
|
|
| Doubling time Use the rule of 72 to estimate a compound interest rate or number of years for a present worth amount to double. |
|
|
|
| Spreadsheets Develop a spreadsheet that involves simple and compound interest, incorporating sensitivity analysis. |