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UTA / Industrial Engineering / IE 2308 / What is a series that starts at a time other than the end of year one?

What is a series that starts at a time other than the end of year one?

What is a series that starts at a time other than the end of year one?

Description

School: University of Texas at Arlington
Department: Industrial Engineering
Course: Economics for Engineers
Professor: Ronald cross
Term: Spring 2016
Tags: Basics of Engineering Economy, economy, Engineer, week 1, week, and 1
Cost: Free
Name: Basics of Engineering Economy, Week 1
Description: If you missed the few days that we had at UTA for Engineering Economy, here's some notes could help you if you are wondering what you missed. These notes are about what our teacher in class talked about and went over. These are my first notes. Still trying to get the hang of this, but I'll definitely get better.
Uploaded: 01/31/2016
13 Pages 301 Views 5 Unlocks
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Present worth - No tabulated factorsWe also discuss several other topics like What are the holidays in Britain that commemorate the great war?

        ⎡        If you want to learn more check out What is the vernal equinox?

⎣        

2.4 Shifted Series

  • A series that start at a time other than the end of year 1

We also discuss several other topics like What is the joining of two atoms in a stable arrangement?

In year If you want to learn more check out How does Pzorac affect brain chemistry?

Don't forget about the age old question of What are the reasons not to be ethical/moral relativist?

We also discuss several other topics like Who was Naram-Sin?

Year

Cash flow

0

1

10

2

10

3

10

4

10

5

10

6

50

7

65

8

80

9

95

10

110

                                

                                                        288

                                        i=5%                        

                                        n= 5 years                

                                                                =

n= 7 years

I = 5.5%

A = ?

Use: A/F factor

                        If you have 5.5% as i, then we should use 5% and

                        6% interest factor.

$7258/year (annually)                        

i                A/F Factor

                                5%                0.12382

                                5.5%                x

                        6.0%                0.11914

                                

2.3 Sec Example

Given: A=5000        G=$500

P=?=34689

Geometric Gradient Formulas
Geometric Gradient Series

Practice Problems

2.1

6.7275

  1. (A/F, 4%, 8)

0.10853

2.4

  1. Spreadsheet function

2.7

  1. Factor Values

  1. TVM functions on calculator

Symbology, Terms

Draw Cash Flow Diagrams for better clarification

  • Alternative - stand alone solution
  • Cash Flows - estimated inflows (revenues/savings) and (also receipts) outflows (costs/expenses) for an alternative. (Also disbursements, losses)
  • Evaluation Criteria - basis used to select ‘best’ alternative; usually money (currency of the country)
  • Time value of money - change in amount of money over time.
  • Interest is a manifestation of time value of money
  • Interest rate - interest over specified time period of original amount

Interest rate %

        Take $5000 loan, repay $5350

        Interest rate % = (350/5000) x 100%

        = 7%

  • Cost of Capital (COC) - interest rate paid for funds to finance projects
  • MARR (hurdle rate) - ROR needed for an alternative to be economically acceptable. MARR  COC. If COC=5% and 6% must be realized MARR=11%

  • Sequestration - Automatic Cuts

Different sums of money at different times may be equal in economic value.

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