MG6863 EE Notes, ENGINEERING ECONOMICS Lecture Handwritten Notes – MECH 8th SEM

MG6863 EE Notes

Anna University Regulation 2013 MECH MG6863 EE Notes for all 5 units and MECH 8th SEM MG6863 ENGINEERING ECONOMICS Lecture Handwritten Notes are listed down for students to make perfect utilization and score maximum marks with our study materials.

MG6863-ENGINEERING ECONOMICS

UNIT I INTRODUCTION TO ECONOMICS

Introduction to Economics- Flow in an economy, Law of supply and demand, Concept of Engineering Economics – Engineering efficiency, Economic efficiency, Scope of engineering economics – Element of costs, Marginal cost, Marginal Revenue, Sunk cost, Opportunity cost, Break-even analysis – V ratio, Elementary economic Analysis – Material selection for product Design selection for a product, Process planning.

UNIT II VALUE ENGINEERING

Make or buy decision, Value engineering – Function, aims, Value engineering procedure. Interest formulae and their applications –Time value of money, Single payment compound amount factor, Single payment present worth factor, Equal payment series sinking fund factor, Equal payment series payment Present worth factor- equal payment series capital recovery factor – Uniform gradient series annual equivalent factor, Effective interest rate, Examples in all the methods.

UNIT III CASH FLOW

Methods of comparison of alternatives – present worth method (Revenue dominated cash flow diagram), Future worth method (Revenue dominated cash flow diagram, cost dominated cash flow diagram), Annual equivalent method (Revenue dominated cash flow diagram, cost dominated cash flow diagram), rate of return method, Examples in all the methods.

UNIT IV REPLACEMENT AND MAINTENANCE ANALYSIS

Replacement and Maintenance analysis – Types of maintenance, types of replacement problem, determination of economic life of an asset, Replacement of an asset with a new asset – capital recovery with return and concept of challenger and defender, Simple probabilistic model for items which fail completely.

UNIT V DEPRECIATION

Depreciation- Introduction, Straight line method of depreciation, declining balance method of depreciation-Sum of the years digits method of depreciation, sinking fund method of depreciation/ Annuity method of depreciation, service output method of depreciation-Evaluation of public alternatives- introduction, Examples, Inflation adjusted decisions – procedure to adjust inflation, Examples on comparison of alternatives and determination of economic life of asset.

MG6863 EE Unit 1 notes – Download Here

MG6863 EE Unit 2 notes – Download Here

MG6863 EE Unit 3 notes – Download Here

MG6863 EE Unit 4 notes – Download Here

MG6863 EE Unit 5 notes – Download Here

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Anna University 8th SEM MECH EE Lecture Handwritten Notes

MG6863 ENGINEERING ECONOMICS Notes free download

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MG6863 Notes, EE Unit wise Lecture Handwritten Notes – MECH 8th Semester

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