Engineering economic analysis is a technique that assists in the solution of substantial engineering and construction problems where economic aspects dominate over a considerable period of time. This course will include the following:
Calculation of simple and compound interest rates using basic single payments, uniform series and gradient formulas
Calculation of present value, future value and equivalent uniform annual value of a cash flow series
Evaluate and select the best alternative using present value, future value and equivalent uniform annual value
Compare alternatives using the benefit-cost ratio
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