Engineering Economics
         Engineering Economics
           Western Winter Workshop
           Western Winter Workshop
             Certification Review
             Certification Review
             Vera A. Lovejoy, CCE, PSP
             Vera A. Lovejoy, CCE, PSP
                March 16, 2007
                March 16, 2007
       Curriculum
       Curriculum
       • Engineering Economics
       • Engineering Economics
          –Definition
          –Definition
          –Uses
          –Uses
          –Purpose
          –Purpose
       • Explain the variables used in calculations
       • Explain the variables used in calculations
       • Illustrate the uses of cash flow diagrams
       • Illustrate the uses of cash flow diagrams
       • Work fundamental calculations
       • Work fundamental calculations
       • Learn to reference interest tables
       • Learn to reference interest tables
       March 16, 2007     Western Winter Workshop        2
       March 16, 2007     Western Winter Workshop        2
      Engineering Economics Defined
      Engineering Economics Defined
      The use of engineering and economic 
      The use of engineering and economic 
      principles to make decisions based on the 
      principles to make decisions based on the 
      comparison of the costs of alternative 
      comparison of the costs of alternative 
      courses of action
      courses of action
      March 16, 2007   Western Winter Workshop     3
      March 16, 2007   Western Winter Workshop     3
      March 16, 2007   Western Winter Workshop     4
      March 16, 2007   Western Winter Workshop     4