Title
Engineering Economics - Class 24 Project SelectionCreator
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 project selection and applying all the considerations learned throughout the course, in this class specifically looking at net benefits.
Learning Design
Discuss how to apply all the different parameters in selecting a particular engineering project.Date Created
1997Format
Video/mp4Duration
22:03 minutes/seconds