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]