Course : Engineering Economics

  • 4 September 2017, 14.44
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Course code/credits and contact hours : TKS3207/2.0
Semester : VI
Instructor’s or course coordinator’s name : Prof. Dr. Tech. Ir. Danang Parikesit, M.Sc.
Bibliography :
  1. Kuiper, E., 1977, WaterResources Project Economic, Butterworth, Canada
  2. Sprague, J.C., and Whittaker, J.D., 1986, Economic Analysis for Engineers and Managers, Prentice-Hall, Englewood Cliffs, N.J. 07632
Spesific course information
Brief description  : This course contains the role of engineering economic course in civil and environmental engineering; production factors of civil engineering structures; understanding of capital value, present value, and future value; calculation of asset depreciation and resource depletion; cost components (including tax, shadow price, and grace period; comprehension in project feasibilities (BCR, IRR, dan NPV); civil engineering project funding; Risk analysis and uncertainty.
Prerequisite Courses : None
Required/ elective : Required
Studio work : N/A
Laboratory work : N/A
Spesific goals of the course
Spesific outcomes : The students are expected to be able to understand and apply engineering economics analysis method for feasibility study or selection of best alternative in project planning.
Student outcomes : (c) An ability to design a system, component, or process in order to be able to face the real constraints in economic, environmental, social, political, ethical, health and safety, manufacturability, and sustainability

(e) An ability to identify, formulate, and solve civil engineering problems by considering local resources

(h) An understanding on the benefit of engineering solutions in a global, economic, environmental, and social context
Brief list of topics to be covered :
  1. The impact of development of a sophisticated engineering infrastructure
  2. Changes in the monetary value of a single (unitary) unit value and an annual uniform value that changes with time
  3. The types of costs in the process of building infrastructure
  4. Alternative financing schemes and comparisons
  5. Types and benefits of an infrastructure development
  6. Financial feasibility analysis of a project
  7. Understand the position of economic studies related to the burden phenomena associated with stochastic events
  8. Feasibility analysis of infrastructure development projects based on financial studies
  9. Factors other than financially in the feasibility study of infrastructure development
  10. Feasibility analysis and project selection