Download Engineering Economics - v2.7

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Released by Softecks, Engineering Economics - v2.7 is one of the best free and best mobile phone applications available today. Located in the Education category of the app store.

The minimum operating system for Engineering Economics - v2.7 is Android 5.0+ and up. So you have to update your phone if you haven't already.

At APKDroid, you will get Engineering Economics - v2.7 APK free download, with the latest version being 2.7, publication date 2020-12-09, the file size is 13.4 MB.According to statistics from the Google Play Store, there are about 1000 downloads. Apps downloaded or installed individually on Android can be updated if you wish. Update your apps as well. Grants you access to the latest features and improves the security and stability of the app. Enjoy it now !!!

✴Engineering Economics is a subject of vital importance to Engineers. This subject helps one understand the need for the knowledge of Economics for being an effective manager and decision maker.✴

►The Economics theories are used to take decisions related to uncertain and changing business environment. Economics theories deal with the principles of demand, pricing, cost, production, competition, trade cycles, and national income and so on.✦

☆“Engineering Economics refers to those aspects of economics and its tools of analysis most relevant to the Engineer’s decision making process”.☆

❰❰ The seven-step procedures used to assist the decision making are: ❱❱

1. The recognition, definition and evaluation of the problem.

2. Search for potential as well as feasible alternatives.

3. Incorporating the basic cash flow approach.

4. Decision should serve the long term interest of the organisation.

5. Analysing the economic aspects of the engineering problem.

6. The preferred alternative is based on the total effort.

7. Attention to ensure feedback for improvement of operation.

【 Topics Covered in this App are Listed Below 】

⇢ Engineering Economics: Meaning and Characteristics

⇢ Engineering Economics Overview

⇢ Cash-Flow Concepts

⇢ Cash-Flow Diagrams

⇢ Interest Calculations

⇢ Interest Factors

⇢ Present Worth

⇢ Interest Periods

⇢ Sinking fund factor

⇢ Capital recovery factor

⇢ Series present worth factor

⇢ Other Interest Calculation Concepts

⇢ Comparison of Alternatives

⇢ Discount Rate

⇢ Inflation and the discount rate

⇢ Present Worth

⇢ Annual Cost

⇢ Rate of Return

⇢ Benefit-Cost Analysis

⇢ Identification of Relevant Benefits and Costs

⇢ Measurement of Benefits and Costs

⇢ Selection of Best Alternative

⇢ Treatment of Uncertainty

- More Topics Added