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ENGINEERING ECONOMICS© Presentation-Process.com
ENGINEERING ECONOMICSPresented by :
S.EMAYA115011013886
B.TECH - ECE
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ENGINEERING ECONOMICS
Economic decision making for engineering
system.
1Study of industrial
economics & financial factors.
2Widely used for
evaluation of project for
engineering students.
3
SCOPE OF ENGINEERING ECONOMICS:
1 Recognize decision making.
2 Defines the goals or objective.
3 Helps as a tool for selecting best alternatives.
4 Increase the financial status of individual.
5 Leads to rise in nations economics or growth.
CASE STUDY OF ENGINEERING
ENGINEERING
1
ECONOMIC ENVIRONME
NT
2
CONSTRUCTION
3
PRODUCTION
4
PHYSICAL ENVIRONME
NT
5Produced product & services based on physical law.
Assesing the worth of their products/services.
TYPES OF COSTING :
1)
Actual cost
2)
Opportunity cost
3) 4)
Incremental cost
5)
Explicitcost
6)
Implicitcost
7)
Book cost
8)
Accounting cost
9)
Direct cost
10)
Indirect cost
3)
Sunk cost
COSTING EXAMPLES:
1) Wage bill
2)Land which is equal to the rent3) Depreciation value
4) Market distribution channel5 )& 6) Wages
7) Loan payments8) All sunk cost
9) & 10)Cost of machineries
Five sector of economics
One sector
Circuit flow
Two sector
Good & services=Fa
ctors of production
Third sector
Government to Good &
services
Fourth sector
Government to firms or producers
Fifth sector
Leakage to injection
S+T+M=I+G+X
FLOW OF ECONOMICS
Real flow
Circular flow
Money flow
Consumer flow CIRCULATION OF FLOW
BREAK EVEN QUANTITY
PROFIT OR LOSS PRODUCT MIX
Anticipated Revenue WidthTOTAL COST LINEAnticipated Cost LengthFIXED COST LINE
Current Output DepthTOTAL REVENUE LINE
Break even output ConsistencyBREAK EVEN POINT
Thank you slide
EMAYA.S
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Viswanath nagar,karikadu,Pattukkottai.614602.
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