Difference between revisions of "Engineering economics - 2014"
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We see how tax and depreciation combine to affect cash flows and TVM. | We see how tax and depreciation combine to affect cash flows and TVM. | ||
| [[Media:Economics-4N04-2013-Part-2.pdf |Slides]] | | [[Media:Economics-4N04-2013-Part-2.pdf |Slides]] | ||
| | | [http://learnche.mcmaster.ca/media/2014-4N4-Class-04A.mp4 Video] | ||
| | | [http://learnche.mcmaster.ca/media/2014-4N4-Class-04A.mp3 Audio] | ||
| align="left"| | | align="left"| | ||
* The [[Media:Cash-flow-calculation.pdf|cashflow handout]] that was supplied in class (for you to practice with) | * The [[Media:Cash-flow-calculation.pdf|cashflow handout]] that was supplied in class (for you to practice with) | ||
* See the [https://docs.google.com/spreadsheet/ccc?key=0AtqiArsxgE8YdEljM1RnQ20tSDRlLURDLVo2ZjBXR1E#gid=6 spreadsheet with all calculations] from today's class. | * See the [https://docs.google.com/spreadsheet/ccc?key=0AtqiArsxgE8YdEljM1RnQ20tSDRlLURDLVo2ZjBXR1E#gid=6 spreadsheet with all calculations] from today's class. | ||
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| 24 September | |||
| 04B | |||
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We will quickly wrap up the prior case study, and the consider the estimation of capital costs. | |||
| [[Media:Economics-4N04-2013-Part-3.pdf |Slides]] | |||
| <!-- [http://learnche.mcmaster.ca/media/2014-4N4-Class-04B.mp4 Video] --> | |||
| <!-- [http://learnche.mcmaster.ca/media/2014-4N4-Class-04B.mp3 Audio] --> | |||
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Revision as of 14:57, 23 September 2014
Class date(s): | 08 September 2014 onwards | ||||
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Selected references
The following printed materials have influenced the course content. In alphabetical order:
Author(s) | Title | Library link | Google search for ISBN | Amazon link for ISBN |
---|---|---|---|---|
Blank and Tarquin | Engineering Economy (7th edition, or earlier) | McMaster | Amazon | |
Fraser et al. | Engineering Economics in Canada (3rd edition, or earlier) | McMaster | Amazon | |
Fraser et al. | Global Engineering Economics (4th edition, or earlier) | McMaster | Amazon | |
Park, Zuo and Pelot | Contemporary Engineering Economics, a Canadian perspective (3rd edition, or earlier) | McMaster | NA | |
Peters and Timmerhaus | Plant Design and Economics for Chemical Engineers | McMaster | Amazon | |
Stermole and Stermole | Economic Evaluation and Investment Decision Methods (13th edition, or earlier) | NA | Amazon | |
Turton et al. | Analysis, Synthesis and Design of Chemical Processes (4th edition, or earlier) | McMaster | Amazon | |
Woods, Donald | Cost Estimation for the Process Industries (McMaster download, 30 Mb) | NA | NA | NA |
Class slides, videos, and other resources
Date | Class number | Topic | Slides for class | Video and audio files | References and Notes | |
---|---|---|---|---|---|---|
08 September | 02A |
In this class we give an overview of the "Engineering Economics" section of the course. We start by introducing the topic of the time-value of money. |
Slides | Video | Audio |
|
10 September | 02B |
We looked at the investing point of view last class; in this class we look at the inflationary viewpoint and why money in the future is worth less in today's terms. |
Slides | Video | Audio |
|
12 September | 02C |
We looked at an example the considered the time value of money; then discussed various criteria related to assessing an investment. Our focus in the next class is more detail around these "profitability metrics" |
Slides | Video | Audio |
We will be covering not only engineering economics in 4N, but also a bit of "personal economics".
|
15 September | 03A |
We looked at what NPV means and how you can explain it to someone else. Details around payback time, and the minimum acceptable rate of return (MARR) were discussed. |
Slides | Video | Audio |
|
17 September | 03B |
We saw how the MARR is used to compare an investment, and that DCFRR > MARR for a worthwhile investment. We considered how to select among independent alternative investments. |
Slides | Video | Audio |
|
19 September | 03C |
We started to consider the effect of depreciation on cash flows. |
Slides | Video | Audio |
|
22 September | 04A |
We see how tax and depreciation combine to affect cash flows and TVM. |
Slides | Video | Audio |
|
24 September | 04B |
We will quickly wrap up the prior case study, and the consider the estimation of capital costs. |
Slides |