Global Certificate Course in Engineering Economic Modeling
-- ViewingNowThe 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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• 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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- ThreeFourHoursPerWeek
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- TwoThreeHoursPerWeek
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