I've worked with engineers on benefit cost analysis (BCA) for many years. It is such an important input into investment decision-making. It is good you have a video targeting engineers and includes a detailed description of how the BCR is calculated.
James Brown Thanks for the kind words James, and glad I was able to help. How did the exam go for you? I'm always here to help with anything engineering, and hope to be post videos centered around the PE exam soon. So make sure to subscribe to my channel here, and check out my site www.engineerintrainingexam.com/
I've been struggling in this class, while also going through integral calculus. I didn't know about the appendix in my book... weeks of hardship on my timed tests lol professor never mentioned this. Thanks for a great video.
In deciding which is better alternative, is the cost that you're talking about, is it in the overall cost of each alternative or the first cost of each alternative?
I am trying to learn about benefit to cost ratio for a paper and therefore do not have the book you reference so often. For your target audience the lesson is very helpful, but to someone without it, jargon like the A and B abbreviations in the interest chart is left unexplained. Still very helpful, thank you
+April Thompson ncees.org/exams/study-materials/download-fe-supplied-reference-handbook/ Just need to fill out your email. NCEES will send you a password. Then you can download the handbook. That Justin refers about.
at 6:39, why converting annual benefit to present??? can anyone explain this? I checked the rate of return" lecture and explains that it converts to P to A though
Some pls help solve this A company is proposing a new equipment at 36,000. And he feels he will reduce labour and attract high price for his products at 6,800 per year over a period of 8 years. At the end of the 8 years the salvage for the equipment is 3,000. If the opportunity cost is 10%, calculate the benefit cost ratio
Thanks for the input my friend...we have definitely evolved the presentation of the material, check out our recent lectures, hope they come across more clear. Have a great day! :)