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Engineering Economics

This section of our website tries to include important classroom scratches on Engineering Economics as the name suggest. Important relations/formulas and more. Request features if you like.

Payback Period

The period of time required to recover the net investment is called payback period, PB. The project which pays back the initial investment in the smallest period is acceptable under this method. Decision: If (calculated PB < standard  …

Engineering Economics EG666CE

Course Objectives To provide a knowledge of the basic tools and methodology of economic studies for evaluating engineering projects in private industry, in the public sector and in the utilities area. 1.0 Introduction(3 hours) 1.1 Essential…
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