About the subject:
Engineering economics, previously known as engineering economy, is a subset of economics for
application to engineering projects. Engineers seek solutions to
problems, and the economic viability of each potential solution is
normally considered along with the technical aspects.
Topics to
be covered in this seminar:
Introduction to
Economics- Flow in an economy- Law of supply and demand, Concept of Engineering
Economics – Engineering efficiency, Economic efficiency-Scope of engineering
economics - Element of costs,- Break-even analysis - V ratio, Elementary
economic Analysis – Material selection for product Design selection for a product,
Process planning-Make or buy decision, Value engineering – Methods of
comparison of alternatives – present worth method, Future worth method, Annual
equivalent method, rate of return method, -Evaluation of public alternatives- Inflation
adjusted decisions – procedure to adjust inflation.
Time to be planned:
1 or 2
Days
Kind Of Program:
3D based
Seminar and Guest Lecture for the Students
Reason for
the program:
Kalam
Scientist Team Aiming To Build Young Generation Scientist
Sample
Clips For Reference:
Law of supply and demand
Inflation Engineering Economics
Cheers,
Kalam Scientist Team
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