TAILIEUCHUNG - Lecture Engineering economics - Chapter 7: Analyzing, selecting, monitoring, and evaluating projects and investments

After completing this chapter, students will be able to: Application of basic analytical methods to compare alternatives; application of internal rate of return and incremental analysis to compare alternative; project analysis, selection, monitoring and performance measurement using project management techniques. | Chapter 7 - Unit 1 Analyzing Selecting Monitoring and Evaluating Projects and Investments IET 350 Engineering Economics Learning Objectives - Chapter 7 Upon completion of this chapter you should understand Application of basic analytical methods to compare alternatives. Application of internal rate of return and incremental analysis to compare alternatives. Project analysis selection monitoring and performance measurement using project management techniques. 2 1 Learning Objectives - Unit 1 Upon completion of this unit you should understand Application of basic analytical methods to compare alternatives. Application of internal rate of return and incremental analysis to compare alternatives. Project analysis selection monitoring and performance measurement using project management techniques. 1 1 Capital Allocation Allocation of capital one of the most important functions for managers. Allocation of capital includes Analysis - application of various techniques including time value of money. Selection - using the analysis to chose or not chose among funding requests. Monitoring - periodic re-analysis over life of investment. Evaluating - identification of successes failures or errors in the original analysis to improve future analysis. 4 1 Investment Alternatives Characteristics Life of alternatives may be equal unequal or perpetual. Mutually Exclusive - selection of one investment from a group of alternatives. Independent - decision whether to invest or not invest in alternatives. Possible decisions all some one or none. Repetition - one-time events or periodic ongoing . Necessity - investments may be optional or required. Required investments must be made even though they don t meet target ROI. 5 1 General Techniques Basic analytical techniques for alternatives comparison include Annual Amount -costs and revenues annualized using time value of money. Typically the preferred method since alternative s lives do not need to be equal. Present Worth Discounted Cash .

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