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Global Certificate Course in Engineering Economic Modeling

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The Global Certificate Course in Engineering Economic Modeling is a comprehensive program designed to empower professionals with the essential skills to evaluate and optimize engineering projects from a financial perspective. This course is critical in today's industry, where businesses seek experts who can bridge the gap between engineering and economics.

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AboutThisCourse

The course equips learners with the ability to construct and analyze financial models, enabling them to make informed decisions that maximize value and minimize costs. It covers topics such as time value of money, cost-benefit analysis, and risk assessment, providing a solid foundation in engineering economic modeling. By completing this course, learners will be able to demonstrate their proficiency in engineering economic modeling, a skill set highly sought after in industries such as manufacturing, construction, and energy. This certification will not only enhance their career prospects but also provide them with the tools to drive business success in a rapidly changing global economy.

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Fundamentals of Engineering Economy: Understanding time value of money, interest rates, equivalence calculations, and cash flow analysis.
Engineering Cost Estimation: Techniques for estimating costs, uncertainty quantification, learning curves, and regression analysis.
Investment Analysis: Present worth, future worth, annual worth, internal rate of return, and benefit-cost ratio.
Project Evaluation Methods: Payback period, discounted payback period, net present value, and profitability index.
Decision Making in Engineering Economy: Sensitivity analysis, risk analysis, decision trees, and utility theory.
Capital Budgeting and Investment Planning: Capital rationing, mutually exclusive projects, independent projects, and replacement analysis.
Real Options in Engineering Economy: Option to defer, expand, contract, or abandon projects, and option pricing.
Computational Tools for Engineering Economic Modeling: Spreadsheet modeling, optimization algorithms, and simulation.

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  • BasicUnderstandingSubject
  • ProficiencyEnglish
  • ComputerInternetAccess
  • BasicComputerSkills
  • DedicationCompleteCourse

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FastTrack GBP £149
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AcceleratedLearningPath
  • ThreeFourHoursPerWeek
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StandardMode GBP £99
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FlexibleLearningPace
  • TwoThreeHoursPerWeek
  • RegularCertificateDelivery
  • OpenEnrollmentStartAnytime
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  • DigitalCertificate
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GLOBAL CERTIFICATE COURSE IN ENGINEERING ECONOMIC MODELING
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London School of Planning and Management (LSPM)
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05 May 2025
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