Video Session 9: Engineering Economics
Time value of money (e.g., present worth, annual worth, future worth, rate of return), Cost (e.g., incremental, average, sunk, estimating), Economic analyses (e.g., breakeven, benefit-cost, optimal economic life), Uncertainty (e.g., expected value and risk), Project selection (e.g., comparison of unequal life projects,lease/buy/make, depreciation, discounted cash flow)