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What is ENGINEERING ECONOMICS? What does ENGINEERING ECONOMICS mean? ENGINEERING ECONOMICS meaning
 
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✪✪✪✪✪ WORK FROM HOME! Looking for WORKERS for simple Internet data entry JOBS. $15-20 per hour. SIGN UP here - http://jobs.theaudiopedia.com ✪✪✪✪✪ What is ENGINEERING ECONOMICS? What does ENGINEERING ECONOMICS mean? ENGINEERING ECONOMICS meaning - ENGINEERING ECONOMICS definition - ENGINEERING ECONOMICS explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. 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. Fundamentally, engineering economics involves formulating, estimating, and evaluating the economic outcomes when alternatives to accomplish a defined purpose are available. In some U.S. undergraduate Civil engineering curricula, engineering economics is a required course. It is a topic on the Fundamentals of Engineering examination, and questions might also be asked on the Principles and Practice of Engineering examination; both are part of the Professional Engineering registration process. Considering the time value of money is central to most engineering economic analyses. Cash flows are discounted using an interest rate, i, except in the most basic economic studies. For each problem, there are usually many possible alternatives. One option that must be considered in each analysis, and is often the choice, is the do nothing alternative. The opportunity cost of making one choice over another must also be considered. There are also non-economic factors to be considered, like color, style, public image, etc.; such factors are termed attributes. Costs as well as revenues are considered, for each alternative, for an analysis period that is either a fixed number of years or the estimated life of the project. The salvage value is often forgotten, but is important, and is either the net cost or revenue for decommissioning the project. Some other topics that may be addressed in engineering economics are inflation, uncertainty, replacements, depreciation, resource depletion, taxes, tax credits, accounting, cost estimations, or capital financing. All these topics are primary skills and knowledge areas in the field of cost engineering. Since engineering is an important part of the manufacturing sector of the economy, engineering industrial economics is an important part of industrial or business economics. Major topics in engineering industrial economics are: The economics of the management, operation, and growth and profitability of engineering firms; Macro-level engineering economic trends and issues; Engineering product markets and demand influences; and The development, marketing, and financing of new engineering technologies and products. Benefit–cost ratio
Views: 24321 The Audiopedia
Engineering Economics Part 1
 
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Engineering Economics Part 1
Views: 45271 Swami Karunamoorthy
7 Principles of Economic Thinking
 
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Brief Lecture on 7 Principles of Economic Thinking
Views: 2943 Wilder Myron
Introduction To Engineering Economics-Part 1
 
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This Video will explain the basic terms of engineering economic, will introduce the viewer to the core formulas and calculation methods to be used. You will learn in this video how to solve example on Simple interest, Compound interest how to calculate future value, present value, how to do Annuity series of payment, Arithmetic Gradient, Depreciation, Tax and much more.... Kindly Subscribe to my channel: https://www.youtube.com/channel/UC8ec8Q4HZHpthSVfKdY7c3Q
Views: 20476 Khalil R.
Economic Equivalence - How to Equate Two Cash Flow Diagrams - Engineering Economics
 
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Learn about economic equivalence and how to equate two cash flows! VISIT OUR WEBSITE AT http://www.afmatheng.com/ !!! ----------------------------------------------------------------------------------------------------------- Now try to solve it on your OWN! Don't just "understand"... PRACTICE!! ----------------------------------------------------------------------------------------------------------- AF MATH AND ENGINEERING - Students Helping Students! Join our Community! =) ------------------------------------- Follow us on Twitter at https://twitter.com/AFMathEng Follow us on Facebook at https://www.facebook.com/AFMath1/?fref=ts #math #civilengineering #engineering #education #edchat #lrnchat #blendchat #mlearning #elearning #ipadchat #pblchat #passiondriven #blendedlearning #ccchat #ccss #commoncore #competencyed #curriculum #deeperlearning #digln #earlyed #edapp #eddata #edleaders #edpolicy #edtech #education #elearning #highschool #leadership #middleschool #literacy #engchat #mathchat #scichat #stem #highered #calculus
Views: 5199 AF Math & Engineering
10 Principles of Economics
 
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10 Principles of Economics
Views: 81265 ageconjon
Linear Gradients and Decomposing Cash Flow Diagrams - Engineering Economics
 
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Learn about linear gradients and how to decompose cash flow diagrams in order to solve for present worth. Table and Formula Page Property of Pearson Education. VISIT OUR WEBSITE AT http://www.afmatheng.com/ !!! ----------------------------------------------------------------------------------------------------------- Now try to solve it on your OWN! Don't just "understand"... PRACTICE!! ----------------------------------------------------------------------------------------------------------- AF MATH AND ENGINEERING - Students Helping Students! Join our Community! =) ------------------------------------- Follow us on Twitter at https://twitter.com/AFMathEng Follow us on Facebook at https://www.facebook.com/AFMath1/?fref=ts #math #civilengineering #engineering #education #edchat #lrnchat #blendchat #mlearning #elearning #ipadchat #pblchat #passiondriven #blendedlearning #ccchat #ccss #commoncore #competencyed #curriculum #deeperlearning #digln #earlyed #edapp #eddata #edleaders #edpolicy #edtech #education #elearning #highschool #leadership #middleschool #literacy #engchat #mathchat #scichat #stem #highered #calculus
Views: 4223 AF Math & Engineering
3.2.0 - Economic Equivalence
 
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Reference Book: Contemporary Engineering Economics Third Edition by Chan S. Park
Views: 2000 unpuzzled
Fixed costs, variable costs, breakeven point - Engineering Economics 1
 
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This is the first class in a short course on engineering Economics. It introduces some terms like Fixed costs, variable costs, and the breakeven point. I hope to have about 20-30 videos in this course for engineering students and those interested in economics. I made two books for engineering students. One a structural analysis book with over 50 example problems and the other a primer for engineering economics. Links to the Kindle versions and the printed versions are given below below. I have also given a free download link to my first children's book about bridge building robots who construct a prestressed concrete beam bridge. (Is too good!) Kindle Versions Structural Analysis Example Problems https://goo.gl/MGwNKQ Engineering Economics - Second Edition https://goo.gl/8EADal Real Book Versions Structural Analysis Example Problems https://goo.gl/FK94HG Engineering Economics - Second Edition https://goo.gl/A8LrnA Free Children's Book NieKo the Bridge Building Robot https://goo.gl/WCmrxW
Views: 1405 Tall Bridgeguy
Engineering Economics Exposed (Full Video)
 
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Here we take a look at the different formulas used in Engineering Economics and explain them and see how they are interrelated with each other...
Views: 1834 Inhinyero Review
Future Value of Money Using Table and Calculator - Engineering Economics
 
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In this video, we go over how to find the future value of money on a cash flow diagram! Interest table property of Pearson Education 2014. VISIT OUR WEBSITE AT http://www.afmatheng.com/ !!! ----------------------------------------------------------------------------------------------------------- Now try to solve it on your OWN! Don't just "understand"... PRACTICE!! ----------------------------------------------------------------------------------------------------------- AF MATH AND ENGINEERING - Students Helping Students! Join our Community! =) ------------------------------------- Follow us on Twitter at https://twitter.com/AFMathEng Follow us on Facebook at https://www.facebook.com/AFMath1/?fref=ts #math #civilengineering #engineering #education #edchat #lrnchat #blendchat #mlearning #elearning #ipadchat #pblchat #passiondriven #blendedlearning #ccchat #ccss #commoncore #competencyed #curriculum #deeperlearning #digln #earlyed #edapp #eddata #edleaders #edpolicy #edtech #education #elearning #highschool #leadership #middleschool #literacy #engchat #mathchat #scichat #stem #highered #calculus
Views: 3161 AF Math & Engineering
Engineering Economic Analysis I Course About Video
 
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Take this course for free on NPTEL: https://onlinecourses.nptel.ac.in/noc16_me13 ↓ More info below. ↓ Follow on Facebook: https://www.facebook.com/Nptel-India-1413735098927291/ Follow on Twitter: https://twitter.com/nptelindia Follow on YouTube: https://www.youtube.com/user/nptelhrd 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 Economics - Part 1 of 2 - Introduction and Life Cycle Costing
 
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This video introduces the concept of lifecycle costing and discusses the associated costs
Views: 371 Peter Kay
Engineering Economics CH 5: Evaluating a Single Project
 
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CH 5 PDF Note: http://eng-hs.net/files/AUM-Economics-CH05.pdf Follow us on Twitter: http://twitter.com/hs_engineers
Views: 998 HS Engineers
Micro Unit 1 Summary- Basic Economic Concepts
 
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The Micro Unit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my Ultimate Review Packet. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production possibilities curve, and comparative advatage. I also show you the quick and dirty (22:22). Don't worry, it's school appropriate. Thanks for watching and please subscribe. The Ultimate Review Packet https://www.youtube.com/watch?v=SxBL54a3-QQ Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 812215 Jacob Clifford
Electrical Power PE Exam - Introduction to Engineering Economics and Cash Flow Diagrams
 
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Brought to you by the Course Master at Electrical PE Review Try our a premium NCEES Electrical Power PE Exam review course and sample practice exam at: http://www.electricalpereview.com This is an introduction video to Engineering Economics 0:00- How to interpret Engineering Economic Equations 3:19- Cash flow diagrams for Present Worth (P), Future Worth(F), Uniform Series (A), Gradient Series (G) 6:57 - F and P Combinations 7:33 - A and F Combinations 9:41 - A and P Combinations 11:48 - Uniform Series Benefit and Uniform Series Costs Combinations 12:40 - A + G Combinations 13:40 - A - G Combinations Want more? Come see us at http://www.electricalpereview.com
Views: 2370 Electrical PE Review
Present worth(Engineering Economics )
 
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Video from Kshitijarun Y Bidari
Views: 4326 kshitijarun bidari
Intro to Economics: Crash Course Econ #1
 
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In which Jacob Clifford and Adriene Hill launch a brand new Crash Course on Economics! So, what is economics? Good question. It's not necessarily about money, or stock markets, or trade. It's about people and choices. What, you may ask, does that mean. We'll show you. Let's get started! Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, Jessica Simmons, Jeffrey Thompson, Elliot Beter, Today I Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall TO: My Students FROM: Mrs. Culp Culpzilla's students are amazing! You guys rock! TO: Everyone FROM: Pankaj DFTBA and keep being the exception like the Mongols. Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever: Summer Naugle, Minnow, Ilkka Hemmilä, Kaitlyn Celeste, Lee Toran, Sarty, Damian Shaw, Nathaniel "The Skipper" Cruz Chavez, Maura Doyle, Chris, Sander Mutsaers Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 3602310 CrashCourse
What is Economics? (Tamil)
 
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What is economics? Why should we know the basics of economics?
Views: 23873 Logesh Gopalsamy
The First Principles Method Explained by Elon Musk
 
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Interview by Kevin Rose The benefit of "first principles" thinking? It allows you to innovate in clear leaps, rather than building small improvements onto something that already exists. Musk gives an example of the first automobile. While everyone else was trying to improve horse-drawn carriages, someone looked at the fundamentals of transportation and the combustion engine in order to create a car. Naturally Musk does give one warning about using first principles for innovating however, "it takes a lot more mental energy."
Views: 278170 innomind