Economic Engineering Course
This course equips you with essential economic engineering skills for manufacturing. Build precise cash flows covering operations, labour, revenues, and capital costs. Select discount rates using WACC and local data, assess investments via NPV, IRR, and payback methods, conduct sensitivity and scenario analyses, and craft persuasive recommendations with risk assessments to optimise engineering outcomes.
from 4 to 360h flexible workload
certificate valid in your country
What will I learn?
Gain skills to construct accurate project cash flows, model labour and operating expenses, and predict revenues reliably. Master capital budgeting techniques including NPV, IRR, payback periods, and sensitivity analysis for evaluating investments, managing risks, and choosing appropriate discount rates. Complete the course equipped to deliver compelling, evidence-based advice for critical manufacturing choices.
Elevify advantages
Develop skills
- Construct realistic project cash flows including operations, labour, revenues, and capital expenditure.
- Assess manufacturing investments using NPV, IRR, payback, and risk evaluation metrics.
- Conduct sensitivity and scenario analyses to rigorously test engineering projects.
- Calculate WACC and choose discount rates with country-specific financial information.
- Deliver concise economic advice backed by quantified risks and mitigation strategies.
Suggested summary
Before starting, you can change the chapters and the workload. Choose which chapter to start with. Add or remove chapters. Increase or decrease the course workload.What our students say
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