Engineering Economics

Is it worth the investment?. Time value of money, NPV, IRR, payback, depreciation, break-even and comparing alternatives.

• Engineering Economics & Investment Decisions — Deciding whether projects are worth it. Learn the time value of money, simple and compound interest, cash-flow diagrams, present/future/annual worth, NPV and discount rates (MARR), IRR, payback and discounted payback, benefit–cost ratio, comparing alternatives with unequal lives, depreciation (straight-line, declining balance), taxes, inflation, break-even and sensitivity analysis — with Python evaluating an automation investment.