First-Class Engineering Economics Video Tutorial for Construction Industry Professionals23

Introduction

Welcome to our comprehensive video tutorial on Engineering Economics for Construction Industry Professionals. This tutorial is designed to provide you with a solid understanding of the fundamental principles and concepts of engineering economics, empowering you to make informed decisions throughout your career.

Module 1: Introduction to Engineering Economics

Understand the basics of engineering economics, its importance in construction, and the various types of economic analysis.

Module 2: Time Value of Money

Grasp the concept of the time value of money, calculate the present and future values of cash flows, and apply it to construction projects.

Module 3: Depreciation and Depletion

Learn about different depreciation methods, understand depletion of natural resources, and calculate depreciation allowances for construction assets.

Module 4: Interest and Annuities

Explore the concepts of simple and compound interest, calculate interest payments on loans, and evaluate the cost of annuities in construction financing.

Module 5: Cash Flow Analysis

Master the techniques of cash flow analysis, including the calculation of present and annual equivalent cash flows, and their application in evaluating construction investments.

Module 6: Benefit-Cost Analysis

Learn about the principles and methods of benefit-cost analysis, and apply them to evaluate the economic feasibility of construction projects.

Module 7: Risk and Uncertainty

Understand the concepts of risk and uncertainty, apply risk analysis techniques, and incorporate risk into construction economic decisions.

Module 8: Capital Budgeting

Gain insights into capital budgeting techniques, including payback period, net present value, and internal rate of return, and their application in construction project selection.

Module 9: Cost-Benefit Analysis

Learn the principles and methods of cost-benefit analysis, and apply them to evaluate the economic benefits and costs of construction projects.

Module 10: Decision Making under Uncertainty

Explore decision-making techniques under uncertainty, including expected value analysis, decision trees, and sensitivity analysis.

Conclusion

This video tutorial provides a comprehensive foundation in Engineering Economics for Construction Industry Professionals. By completing this tutorial, you will be well-equipped to analyze, evaluate, and make informed economic decisions throughout your career. Best wishes for your success in the construction industry.

2024-11-20

Previous：How to Manage Your Grocery Store Like a Pro: A Comprehensive Video Tutorial

Next：How to Bounce Back from Investment Failure: A Comprehensive Video Tutorial