Engineering Economics - Practice Problems

In summary, the conversation is about a student asking for help with finding practice problems for their upcoming engineering economics exam. They mention that the course layout document is in Spanish and they tried converting it to a .docx file, but had issues. The topics that will be covered in the exam are B/C, taxes, depreciation, and PayBack. The student also asks if anyone knows of a website or has a document with practice problems. The other person suggests a website with old exams for practice.
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Suprin
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Sorry if this is not in the correct section.

I have an engineering economics exam this week. I'd like to know if anybody (particularly professors and/or tutors) know of a website or have a document they could share with me with a few practice problems. I have attached a PDF document with the course layout; only the front page is in Spanish. Tried changing the document to a .docx file to only include the topics that will be in the exam, but Adobe Acrobat was not cooperating :(

The topics that will be included in the exam are:
B/C
Taxes
Depreciation
PayBack

Thank you very much for all your help!
 

Attachments

  • NOTAS ENGI 4210 - Student_R1 0_.pdf
    206 KB · Views: 1,050
Science news on Phys.org

1. What is the purpose of engineering economics?

Engineering economics is the application of economic principles to engineering projects and decision making. Its purpose is to analyze the costs, benefits, and risks of different engineering alternatives in order to determine the most cost-effective solution.

2. What are some common methods used in engineering economics?

Some common methods used in engineering economics include net present value (NPV), internal rate of return (IRR), and benefit-cost ratio (BCR). These methods help to evaluate the financial feasibility and potential profitability of engineering projects.

3. How can engineering economics be used to make decisions?

Engineering economics provides a structured and quantitative approach to decision making by considering the financial implications of different engineering options. By using tools like NPV and IRR, engineers can compare the costs and benefits of different alternatives and choose the most economically sound solution.

4. What are some key factors to consider in engineering economics?

When analyzing engineering projects, it is important to consider factors such as the time value of money, inflation, risk and uncertainty, and the opportunity cost of capital. These factors can greatly impact the financial outcomes of a project and should be carefully evaluated.

5. How does engineering economics relate to sustainability?

Sustainability is an important consideration in engineering economics as it involves evaluating the long-term costs and benefits of a project. Engineers must consider the environmental, social, and economic impacts of their projects in order to make sustainable and responsible decisions.

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