Scribd Logo
Upload

Welcome to Scribd!

  • 3 views

    Engineering Economics

    Uploaded by

    fawad

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Engineering Economics

    Uploaded by

    fawad
    3 views11 pages

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    3 views11 pages

    Engineering Economics

    Uploaded by

    fawad

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 11

    ASCEND

    INTERNATIONAL
    SERVICES
    HSEQ TRAINING SERVICE S

    ENGINEERING ECONOMICS
    ASCEND
    INTERNATIONAL
    SERVICES
    HSEQ TRAINING SERVICE S

    ENGINEERING ECONOMICS
    • An amount of $10.00 today cannot be compared to $10.00 a year from now
    without adjusting for the investment potential
    • safety is a business unit :
    1. a safety manager, requesting the company to authorize funds to purchase
    safety equipment to reduce the number of specific types of injuries
    2. the safety manager requesting to purchase a computer-based training
    program
    3. the safety manager has eight different manufacturing facilities with a
    central safety budget and must determine where to spend allocate the
    funding.
    ASCEND
    INTERNATIONAL
    SERVICES
    HSEQ TRAINING SERVICE S

    ENGINEERING ECONOMICS
    • Safety managers and professionals are often asked to justify expenditures
    in economic terms, and not just in terms of “it’s the right thing to do.”
    • At this point, it is worth mentioning that not all safety expenditures are
    based entirely on financial constraints. However, financial considerations
    are an integral part of any decision-making process.
    ASCEND
    INTERNATIONAL
    SERVICES
    HSEQ TRAINING SERVICE S

    ENGINEERING ECONOMICS
    • Simple Interest:
    ASCEND
    INTERNATIONAL
    SERVICES
    HSEQ TRAINING SERVICE S

    ENGINEERING ECONOMICS
    • Future Value of Money:
    ASCEND
    INTERNATIONAL
    SERVICES
    HSEQ TRAINING SERVICE S

    ENGINEERING ECONOMICS
    • Future Value of Money:

    Q: Company XYZ has purchased a tract of land for $182,000. What would be
    the value of this land in 20 years, assuming an APR of 9%?
    ASCEND
    INTERNATIONAL
    SERVICES
    HSEQ TRAINING SERVICE S

    ENGINEERING ECONOMICS
    • Series Compound Amount Factor:
    ASCEND
    INTERNATIONAL
    SERVICES
    HSEQ TRAINING SERVICE S

    ENGINEERING ECONOMICS
    • Capital Recovery Factor:
    ASCEND
    INTERNATIONAL
    SERVICES
    HSEQ TRAINING SERVICE S

    ENGINEERING ECONOMICS
    • Compound Interest:
    ASCEND
    INTERNATIONAL
    SERVICES
    HSEQ TRAINING SERVICE S

    ENGINEERING ECONOMICS
    • Compound Interest:
    Q: Your company has borrowed $10,000 from the lender, who charges an
    interest rate of 3%, compounded semiannually (twice a year). The loan will
    run for 3 years. Calculate the entire loan cost. ?
    ASCEND
    INTERNATIONAL
    SERVICES
    HSEQ TRAINING SERVICE S

    Cold-Related Injuries and Illnesses


    Prevention:
    Frostbite preventive measures include the following
    • Observance and adherence to the wind chill factor
    • Proper protective clothing
    • Proper nutrition and activity
    • Fluid replacement or intake
    • Training and discipline.

    You might also like