Engineering economics is a subject that studies the economic effects of engineering technology practice activities. It can be used to study the economic benefits of various engineering technical schemes, and to study how to obtain the expected output with minimum input or how to obtain the maximum output with the same input during the use of various technologies; How to realize the necessary functions of products, operations and services at the lowest life cycle cost. Engineering economy is simple to say, but there are many things to consider. Engineering economic mind map takes you to have a look. Where does the engineering economy need to be applied?

Engineering economics needs to consider the time value of funds, financial benefits, financing, value engineering, scheme economic comparison, financial analysis and so on. The time value of funds should consider interest rate, cash flow statement, financial benefits, project classification, calculation period, financial benefits, construction investment, etc. And financing should consider the cost of capital, debt funds, internal financing, equal principal and interest, compensation, etc. Value engineering should consider value analysis, function analysis, etc. And the planned economy must be chosen and compared from different angles.

Financial analysis needs not only the perspective of financial analysis, but also the perspective of economic analysis. Everyone should know something about financial analysis, mainly about economic analysis, social perspective, social discount rate, shadow price, exchange rate, wages, economic net present value ENPV, economic internal rate of return, economic benefit-cost ratio, and more importantly, uncertainty analysis.

There are many aspects to be considered in engineering economic analysis. I believe that having such a mind map to guide you in engineering analysis will make you think more comprehensively and analyze more accurately. Why not?

This article refers to the source: engineering economic analysis of mind map, hoping to help you.