Title
Engineering Economics - Class 29 Minimum-Cost Life AnalysisCreator
Dr. Leonard Lye and Memorial University of NewfoundlandDescription
Engineering Economics is an introduction to the concepts in the determination of the economic feasibility of engineering projects; time value of money – interest rates, depreciation, annual, present and future worth analysis; benefit-cost analysis, tangible and intangible benefits and costs; economic risk and sensitivity analysis, economic optimization.
Dr. Lye discusses minimum cost-life analysis, how to determine when it is most cost efficient to replace your equipment.
Learning Design
Discuss how to consider what when it is more cost efficient to replace a piece of equipment.Date Created
1997Format
Video/mp4Duration
20:36 minutes/seconds