Transcription of EECE 450 — Engineering Economics — Formula Sheet
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EECE 450 — Engineering Economics — Formula Sheet
Prepared by Ron Mackinnon, University of British Columbia, 2008. 7-Feb-08 eece 450 Engineering Economics Formula SheetCost Indexes: B at time eIndex valuA at time eIndex valuB at timeCost A at timeCost = Power sizing: exponent sizing-powerBasset of (capacity) SizeAasset of (capacity) SizeBasset ofCost Aasset ofCost = =xx Learning Curve: exponent curve learningunits finished ofnumber unitfirst make totimeunitth make totime2lograte) curve learninglog(initialinitial===== =bNTNTbNTTNbN Simple Interest: periods timeofnumber period per time rateinterest )1( :alueMaturity v :amount on earnedInterest ==+==niinPFPinIP Compound Interest.
power -sizing exponent Size (capacity) of asset B Size (capacity) of asset A Cost of asset B Cost of asset A = = x x Learning Curve: learning curve exponent number of finished units time to make first unit time to make th unit log 2 log( learning curve rate) initial initial = = = = = = × b N T T N b T T N N b N Simple Interest:
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