NPTEL - Engineering Economic Analysis
offered by IIT Roorkee

Public/Government Institute
Estd. 1847

Engineering Economic Analysis
at
IIT Roorkee
Overview

Gain a comprehensive overview of the Economic Analysis principles and concepts

Duration	4 weeks
Total fee	₹1,000
Mode of learning	Online
Credential	Certificate

Engineering Economic Analysis
at
IIT Roorkee
Highlights

Earn a E-certificate of completion from IIT Roorkee

Engineering Economic Analysis
at
IIT Roorkee
Course details

Skills you will learn

Taxation Data analysis

Who should do this course?

For Bachelor students in Mechanical/Production/Industrial/Metallurgical/Civil Engineering

More about this course

The course focuses on economic and cost analysis of engineering projects, giving insights on modern techniques and methods used on economic feasibility studies relating to design and implementation of engineering projects
The basic purpose of this course is to provide a sound understanding of concepts and principles of engineering economy and to develop proficiency with methods for making rational decisions regarding problems likely to be encountered in professional practice

Engineering Economic Analysis
at
IIT Roorkee
Curriculum

Week 1

Introduction to Engineering Economy, Time value of money, Cash flow diagrams, Interest and Interest rate, Discrete compounding and payment

Week 2

Interest formulae for discrete compounding and discrete payments- Gradient series factors, Nominal & Effective interest

Week 3

Economic equivalence, Methods of comparison of alternatives

Week 4

Replacement analysis, Economic life of the asset

Week 5

Depreciation and Depletion

Week 6

Elements of cost, Break even analysis, Economic order quantity,

Week 7

Cost estimation, Decision under risk and uncertainty

Week 8

Effect of taxation on economic studies, Income tax analysis

Engineering Economic Analysis
at
IIT Roorkee
Faculty details

Dr Pradeep K. Jha

He is presently working as Associate Professor in the Department of Mechanical & Industrial Engineering at IIT Roorkee. He has taught the course on “Modeling and Simulation” to final year undergraduate, post graduate and Ph.D. students of the Department for five years