Professional Engineering Continuing Education

P.E.C.E. [ http://nypece.com ]

Engineering Economics 1

Lecturer:  Robert Louie, PE

This course module starts with five basic variables and shows how they interact with each other along with the use of "end-of-year" convention and the Cash Flow Diagram.  The following factors will be discussed:  Present Value, Future Value, Uniform Series, Capital Recovery, Sinking Fund, and Gradient.  A special case of the Uniform Series Present Worth will also be presented.

Semi-annual and monthly compounding, the practical approach used, will be introduced along with real life examples.  Also, examples will be shown where application of the "end-of-year" convention are not easily employed.

Four (4) Continuing Education Hours

[NYS Approved for PE continuing education hours]