Industrial Engineering Economic Analysis Module - Lessons

 

Module  of Industrial Engineering ONLINE Course

Modules

• Introduction to Industrial Engineering
• Contribution of Taylor, Gilbreth, Emerson, Maynard, Barnes, Shigeo Shingo
• Productivity Science
• Productivity Engineering - 
• Product Industrial Engineering, 
• Process Industrial Engineering
• IE Economic Analysis
• IEOR
• IE Statistics - Six Sigma Optimization
• Human Effort Industrial Engineering
• IE Measurements
• Productivity Management
• Applied Industrial Engineering 
• Industrial Engineering 4.0
• Industrial Engineering Case Studies 

Industrial Engineering Economic Analysis

Industrial Engineering Economics - Important Component of Industrial Engineering

Time Value of Money - Time Value of Money Calculations


Cash Flow Estimation for Expenditure Proposals 

Depreciation and Other Related Issues

Required Rate of Return - Cost of Capital  - Required Rate of Return for Investment or Expenditure Proposal..


NPV - IRR and Other Summary Project Assessment Measures

Income Expansion Projects 

Cost Reduction Projects 

Replacement Decisons

Present-Worth Comparisons

Rate-of-Return Calculations


Equivalent Annual-Worth Comparisons

Expected Values and Risk of Project Revenues and Costs

Case Studies

Engineering Economic Analysis - Case Studies

https://nraoiekc.blogspot.com/2016/06/engineering-economic-analysis-case.html

Economic Analysis of Processes - Case Studies

https://nraoiekc.blogspot.com/2013/09/economic-analysis-of-processes-case.html

Economic Analysis - Clean Energy Investment Proposals

https://nraoiekc.blogspot.com/2012/04/economic-analysis-clean-energy.html

Inkjet Versus Laser Printing - Engineering Economics

https://nraoiekc.blogspot.com/2013/06/inkjet-versus-laser-printing.html

Productivity Improvement Using Rapier Looms in Place of Shuttle Looms - IE Economic Analysis.

https://nraoiekc.blogspot.com/2014/01/productivity-improvement-using-rapier.html

Robots - Engineering Economic Analysis

https://nraoiekc.blogspot.com/2014/01/robots-engineering-economic-analysis.html

Robotic Applications in Indian Companies - Engineering Economic Analysis

https://nraoiekc.blogspot.com/2014/02/robotic-applications-in-indian.html 

INTRODUCTION TO MODERN INDUSTRIAL ENGINEERING. 

An #IndustrialEngineering  Book for  #BSIE  #MSIE for the new academic year #2024-2025.  

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Prof. Laura Albert

Professor of ISyE at University of Wisconsin-Madison, 2023 INFORMS PresidentProfessor of ISyE at University of Wisconsin-Madison, 2023 INFORMS President

8.8.2024

I am teaching engineering economics for the first time this fall. I am interested in case studies, examples, and spreadsheets, especially in cybersecurity, AI, and emerging technologies. If you have materials to share, I am interested!

https://www.linkedin.com/posts/lauraalbertphd_i-am-teaching-engineering-economics-for-the-activity-7227047222817828864-esX4

My comment.

Very nice that you raised the issue. I want to tell all manufacturers and marketers. Provide an illustration of economic benefit for the items you are selling. At your list price provide a situation where it is economically beneficial. Then users understand how to do engineering economic analysis of their situation. Please ask you students to do projects collecting the current costs or prices of engineering items and the expected benefits from them. Then do the IE-EE analysis.

I tried to make some notes.

IE Economic Analysis.

Module of Industrial Engineering Online Course Notes

https://nraoiekc.blogspot.com/2021/05/industrial-engineering-economic.html

Ud. 8.8.2024

Pub. 30.5.2021