[ENGINEER 2B03] - Final Exam Guide - Ultimate 29 pages long Study Guide!

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ENGINEER 2B03
FINAL EXAM
STUDY GUIDE
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ECON 2B03 Summary
Author: Kemal Ahmed
Instructor: Dr. Cameron Churchill
Date: Winter 2014
Math objects made using MathType; graphs made using Winplot.
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Table of Contents
Week 1 − Sustainability .................................................................................................................. 2
Triple-Bottom Line ..................................................................................................................... 3
Seven Revolutions ...................................................................................................................... 3
Week 2 ............................................................................................................................................ 3
Methods of Interest Calculation .................................................................................................. 4
Lump Sum ............................................................................................................................... 4
Simple Interest ........................................................................................................................ 4
Compound Interest .................................................................................................................. 5
Continuous Compound ........................................................................................................... 5
Cash Flow Diagrams ................................................................................................................... 5
Week 3 ............................................................................................................................................ 6
Equivalence ................................................................................................................................. 6
Compound Interest Factors ......................................................................................................... 7
Compound Amount Factor ..................................................................................................... 7
Present Worth Factor .............................................................................................................. 7
Sinking Fund Factor ................................................................................................................ 7
Uniform Series Factor ............................................................................................................. 7
Capital Recovery Factor ......................................................................................................... 7
Series Present Worth Factor.................................................................................................... 7
Week 4 ............................................................................................................................................ 8
Growth-Adjusted Interest Factors ............................................................................................... 8
Arithmetic Gradient Series Factor .......................................................................................... 8
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Arithmetic Gradient Series Factor .............................................................................................. 8
Week 5 ............................................................................................................................................ 9
Bond ............................................................................................................................................ 9
Comparison Methods .................................................................................................................. 9
Characteristics of Projects......................................................................................................... 10
Independent ........................................................................................................................... 10
Mutually Exclusive ............................................................................................................... 10
Related but not mutually exclusive ....................................................................................... 10
MARR ....................................................................................................................................... 10
Unequal Lives ....................................................................................................................... 11
Week 8 − IRR ............................................................................................................................... 11
Steps ...................................................................................................................................... 11
NPV........................................................................................................................................... 11
Steps ...................................................................................................................................... 11
Incremental Analysis ................................................................................................................ 11
ERR ........................................................................................................................................... 12
Week 9 .......................................................................................................................................... 13
Week 10 ........................................................................................................................................ 13
Straight-Line ............................................................................................................................. 13
Declining Balance ..................................................................................................................... 14
Replacement Decisions ............................................................................................................. 14
Week 11 ........................................................................................................................................ 15
Week 13 ........................................................................................................................................ 15
Week 1 − Sustainability
model: an simplification of reality that captures information useful and appropriate for a specific
purpose
linear product lifecycle: energy in and out at every stage
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