Engineering Economics Analysis

What you'll learn
What is Engineering Economy?
Engineering Economic Analysis definition.
Learn the Difference between Economic Analysis and Financial Evaluation.
Know the Decision-Making Process.
What Makes Economic Decisions Differ from Other Design Decisions?
Main concept of time value of money.
Simple, compound and Discount interest rates.
Economic Equivalence with different cash flows.
Knowing of the Economic Evaluation Approach.
Learn about Planning Horizon.
Knowing of the concept of life cycle costing.
Learn the Present Worth Analysis for equal-lived alternatives.
Learn the Present Worth Analysis for Unequal-lived Alternatives.
Learn the Present Worth Analysis for Infinite Analysis Periods.
Learn the Equivalent Uniform Annual Worth Analysis.
How to apply the Rate of Return Method for one Alternative.
How to apply the Rate of Return Method for more than one Alternative.
Learn the Benefit/Cost Ratio Method.
Learn the Payback Period Method.
Learn about the Inflation Concept.
Learn about Irrigation Project Planning Steps.
Financial Analysis of an Irrigation Project.

Requirements
• Basics in mathematics

Description
Engineering economic analysis is used to answer many different questions.• Which engineering projects are worthwhile?• Which engineering projects should have a higher priority?• How should the engineering project be designed?This course is structured into four sections with 15 lectures, each covering a specific topic related to engineering economics.Section 1: IntroductionIn this section, you will identify the main objectives and the structure of "Economics Analysis for Irrigation Projects" course. You will know "What is Engineering Economy" and its analysis.Section 2: Time Value of MoneyIn this section, you will learn about the time value of money concept, interest rate definition and types, the difference between simple, compound and discount interest rate, and how to represent the cash flow.Section 3: Economic Evaluation of AlternativesIn this section, you will learn about the economic evaluation approach, the concept of life cycle costing, the present worth analysis, the equivalent uniform annual worth analysis, how to apply the rate of return method for one alternative and for more than one alternative, the benefit/cost ratio method, and the payback period method.Section 4: Economics of Irrigation Project In this section, you will learn the irrigation project planning steps, financial analysis of an irrigation project, and the fixed and variable costs for an irrigation project.

Overview
Section 1: Introduction

Lecture 1 Welcome Lecture

Lecture 2 Lecture 1

Section 2: Time Value of Money

Lecture 3 Lecture 2

Lecture 4 Lecture 3

Lecture 5 Lecture 4

Lecture 6 Lecture 5

Section 3: Economic Evaluation of Alternatives

Lecture 7 Lecture 6

Lecture 8 Lecture 7

Lecture 9 Lecture 8

Lecture 10 Lecture 9

Lecture 11 Lecture 10

Section 4: Economics of Irrigation Project

Lecture 12 Lecture 11

Lecture 13 Lecture 12

Lecture 14 Lecture 13

Lecture 15 Lecture 14

Water engineers,Engineering students (any discipline),Business or Economics students,Project managers

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