KNS4343 Eng Economy_Course Plan
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Transcript of KNS4343 Eng Economy_Course Plan
8/12/2019 KNS4343 Eng Economy_Course Plan
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FACULTY OF ENGINEERING
UNIVERSITI MALAYSIA SARAWAK
SEMESTER 1SESSION 2013/2014
Course
Title
ENGINEERING ECONOMY
Course
Code
KNS4343
Course
Credit
3 hrs
Course
Status
Elective
Prerequisite -
Synopsis This course provides students with fundamental engineering economy, its relationship with civil
engineering project design. It covers the project cost estimation, time value of money, cash flows
analysis, project evaluation, and project selection based on its economic feasibility.
Course
Outcomes(CO)
By the end of this course, students should be able to:
Level of Domain PO
AssessedC P A S
CO1 Define the important of Engineering
Economics, recognize its basic conceptsand principles, and describe basic cost
terminology.
2 1
CO2 Interpret and apply the time value of
money, and the concept of equivalent for
cash flow analysis in evaluating a civil
engineering project.
3 1
CO3 Select a project from technically soundcivil engineering design alternatives
based on its economic feasibility
(including breakeven analysis, sensitivity,
and risk analysis).
CT 3
C: Cognitive ; P: Psychomotor ; A: Affective ; S: Soft-skills (CT: Critical Thinking, TS: Teamwork)
Week CO Topics Delivery Assessment/Evaluation
1(09/9 – 13/9)
CO1Introduction:
Origin and principles ofEngineering Economy; and
Engineering economy and Designprocess.
Lecture: Explain ,
clarify
Theoretical-based
question: quiz/ test/assignment/ final exam
2(16/9 – 20/9)
CO1Cost Concept: Cost terminology; Cost concept and Design
Economic; and Cost driven design.
Lecture: Explain ,clarify
Theoretical-basedquestion: quiz/ test/
assignment/ final exam
3(23/9 – 27/9)
CO1Cost Estimation Techniques: An Integrated Approach; Estimating Techniques (Models);
and Parametric Cost Estimation
Lecture: Explain ,
clarify
Calculation-based
question: quiz/ test/assignment/ final exam
4(30/9 – 4/10)
CO2Time Value of Money:
Capital; Simple Interest; Compound Interest; and The Concept of Equivalent.
Lecture: Explain ,clarify
Calculation-basedquestion: quiz/ test/assignment/ final exam
5(7/10 – 11/10)
CO2Cash Flows Analysis:
Cash Flows Diagrams and Tables;and
Interest Formula and Equivalent.
Lecture: Explain ,
clarify
Calculation-based
question: quiz/ test/
assignment/ final exam
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6(14/10 – 18/10)
CO2Cash Flows Analysis:
Deferred Annuities (UniformSeries); and
Uniform (Arithmetic) Gradient ofCash Flows.
Lecture: Explain ,
clarify
Calculation-based
question: quiz/ test/
assignment/ final exam
7(21/10 – 25/10)
CO2Cash Flows Analysis:
Interest Rate that vary withTime; and
Interest Formulas for
Continuous Compounding andDiscrete Cash Flows.
Lecture: Explain ,
clarify
Calculation-based
question: quiz/ test/
assignment/ final exam
8(28/10 –
1/11)CO2
Evaluating a Single Project:
Present, Future, and AnnualWorth Method;
The Internal/External Rate ofReturn Method; and
The Payback Period Method
Lecture: Explain ,
clarify
Calculation-based
question: quiz/ test/
assignment/ final exam
Mid Semester Break (2/11 – 10/11)
9(11/11 – 15/11)
CO3Comparison and Selection Among
Alternatives:
Basic Concepts for Comparing Alternatives;
Projects Useful Lives are equal;and
Project Useful Lives are unequal.
Lecture: Explain ,
clarify
Theoretical-based
question: quiz/ test/assignment/ final exam
10(18/11 – 22/11)
CO3Depreciation and Income Tax:
Depreciation Concepts andTerminology;
Depreciation Methods; and The Effective (Marginal)
Corporate Income Tax Rate
Lecture: Explain ,clarify
Theoretical-basedquestion: quiz/ test/
assignment/ final exam
11(25/11 – 29/11)
CO3Evaluating Public Projects with
Benefit Cost Ratio Method:
Perspective and Terminology for
analysing Public Projects; Benefit- Cost Ratio Method; Comparison of Mutually
Exclusive Projects
Lecture: Explain ,
clarify
Calculation-based
question: quiz/ test/
assignment/ final exam
12(2/12 – 6/12)
CO3Breakeven and Sensitivity Analysis:
Price Changes and ExchangeRates;
Breakeven Analysis; and Sensitivity Analysis.
Lecture: Explain ,
clarify
Calculation-based
question: quiz/ test/assignment/ final exam
13(9/12 – 13/12)
CO3Probabilistic Risk Analysis:
Sources of uncertainty; Project Evaluation with discrete
and continuous random
variables; and Decision Trees.
Lecture: Explain ,
clarify
Calculation-based
question: quiz/ test/assignment/ final exam
14(16/12 – 20/12)
CO3Decision making considering Multi
attributes:
Examples of Multi-attributeDecision;
Non-compensatory model; and Compensatory Models.
Lecture: Explain ,
clarify
Calculation-based
question: quiz/ test/assignment/ final exam
Teaching - Learning
Approach
Hours per semester
Lectures 42
Tutorials Laboratory/Practical
Total 42
Percentage
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Assessment Test (s) 20
Assignment(s)/Tutorial(s)/ PBL /Quiz (s)/ Project
(s)/Cooperative Learning
30
Final Exam 50
Total 100
Resources
1. William G. Sullivan, Elin M. Wicks, C. Patrick Koelling (2009). Engineering
Economy. 14th
Edition, Pearson, Prentice Hall.
2. Leland Blank, Anthony Tarquin (2011). Engineering Economy. 7th
Edition,McGraw Hill.
3. Thuesen G.J., Fabrycky W.J.(1993). Engineering Economy. Prentice Hall
4. Chan S. Park (2008). Fundamental of Engineering Economics. 2nd
Edition,
Pearson, Prentice Hall.
5. Chan S. Park (2011). Contemporary Engineering Economics. 5th
Edition,
Pearson, Prentice Hall.
Prepared by:
..............................Prof Dr F.J. Putuhena
Date:.............................
Check and certified by:
..................................................Rosmina Bt Ahmad Bustami
(Head of Civil Engineering
Department)
Date: ...........................................
Approved by:
.....................................................Prof Dr Wan Hashim Wan Ibrahim
(Dean of Faculty of Engineering)
Date: ...............................................................