APEGBC engineering economics exam
APEGBC engineering economics exam
(OP)
Hi, I am preparing to sit the engineering economics exam in BC coming month and have a hard time preparing for it. The only book APEGBC recommends to study is PRINCIPLES OF ENGINEERING ECONOMIC ANALYSIS written by Szonyi, Fenton, White, Agee and Case (Canadian Edition 1999).
I find it difficult to solve the examples in the book, althoug h some solutions are provided at the end of the book, I sometimes have no clue how to get there.
I would appreciate if someone can suggest other tutorials, reading material that would clarify some of my problems.
Thanks
I find it difficult to solve the examples in the book, althoug h some solutions are provided at the end of the book, I sometimes have no clue how to get there.
I would appreciate if someone can suggest other tutorials, reading material that would clarify some of my problems.
Thanks





RE: APEGBC engineering economics exam
Try a bookstore or library at a university or community collage that has some courses on managerial economics and finance. (In Manitoba anyone can get a loan card from the U of M library)
Learn such concepts as economic rate of return and other interest rate issues, learn about breakeven analysis, learn about economic minimum order quantity and the economics of minimization.
If you have time learn about economic variance analysis (labour cost and material cost variances.)
Try talking to a professor or instructor. Most of them would be happy to help out with a specific question on some topic.
Finally if you have any specific questions post them here.
Rick Kitson MBA P.Eng
Construction Project Management
From conception to completion
www.kitsonengineering.com
RE: APEGBC engineering economics exam
A debt of $X is occured at t=0. It is agreed that payments of $5000, $4000, $3000 and $2000 at t=4,5,6 and 7, respectively, will satisfy the debt if 10% compounded per period is the interest rate. Determine the amount of debt, $X.
The result apparently should be $8618.46 but I dont get it.
RE: APEGBC engineering economics exam
Richard A. Cornelius, P.E.
WWW.amlinereast.com
RE: APEGBC engineering economics exam
Personally, I find the FE book invaluable as a summary of an undergraduate engineering degree, as well as as a reference. It has been extremely useful to me at grad school this fall. This is the one I have and recommend.
RE: APEGBC engineering economics exam
PV= present value
PV= sum all payments expressed in present value terms.
PV=5,000/1.10^4 + 4,000/1.1^5 + 3000/1.2^6 + 2000/1.1^7
PV= 3,415.07+2,483.69 + 1,693.42 + 1,026.63
PV= 8,618.49
Rick Kitson MBA P.Eng
Construction Project Management
From conception to completion
www.kitsonengineering.com
RE: APEGBC engineering economics exam