By Abol Ardalan
Financial and monetary research for Engineering and venture administration is for engineers and others who needs to examine the monetary and fiscal ramifications of manufacturing and maintaining capital tasks. not like different books within the box, it deals effortless and lucid factors of all major formulation had to perform monetary analyses. the maths is stored basic and is totally defined, making the publication obtainable to non-technical team of workers. quite a few pattern difficulties are supplied, and will be labored on usual spreadsheet courses, in addition to utilizing rate of interest tables. The booklet indicates the way to hyperlink quantitative information to administration judgements and to straightforward reporting kinds and has been designed for working towards engineers and scholars alike.Economic and fiscal research for Engineering and venture administration is a "must have" for graduate scholars in engineering administration departments; graduate and undergraduates taking classes in venture administration, engineering economics, and engineering finance. training engineers will locate this ebook THE convenient reference for any venture regarding monetary analyses.
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Additional resources for Economic and Financial Analysis for Engineering and Project Management
Multiple Projects In case of multiple projects, the project with the highest EUAW is the best choice, and we do not have to equalize lives. This is one of the advantages of the EUAW comparison. <><><><><><><><><><><><> Page 51 Problems 1-The cash flow of an investment is shown below. What is the EUAW? (i=10%) 2- Greed Corporation purchased a foundry system for $1 million. The net income from operating this system is $300,000 per year. Assuming a life of five years and no salvage value, what is the EUAW of this system?
The interest rate i is assumed to be constant for the duration of the project or operation of the system under analysis. A typical cash flow diagram is presented in Fig. 3 Fig. 3 Page 15 The Process of Decision Making As mentioned previously, the main reason for going through the financial analysis is to make a decision. The following are the points to consider and the process to go through (not necessarily in the order given) in making the decision. ) * The Model (a mathematical or graphical representation of the elements of the problem and their interactions) * Differential Consequences (the differences between the outcomes of the alternatives) * Risk and Uncertainty (what effects do the uncontrollable elements have in the outcome) * Opportunity Cost (what is forfeited when the actions are taken) * Objective Function (which alternative optimizes the "Objective Function") Page 16 Financial Analysis Methods Several analysis methods could be used to evaluate the economic viability of a project or to compare the financial merits of several projects.
The salvage value at the end of the 15-year life is $500. Using MARR of 10%, calculate the net present worth. Another model of the equipment with the same initial price and annual cost brings in an income of $1,100 per year but has no salvage value at the end of its 15-year life. As an investor, would you invest in a or b? Why? 6- Board members at Darbol Corporation received two proposals for a machine they may want to purchase. They also can choose to invest their capital and receive an interest rate of 15% annually.