Unit INDUSTRIAL PLANTS
- Course
- Industrial engineering
- Study-unit Code
- GP004990
- Curriculum
- In all curricula
- CFU
- 11
- Course Regulation
- Coorte 2017
- Offered
- 2019/20
- Type of study-unit
- Obbligatorio (Required)
- Type of learning activities
- Attività formativa integrata
INDUSTRIAL PLANTS A
| Code | GP004997 |
|---|---|
| CFU | 6 |
| Teacher | David Rugeri |
| Teachers |
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| Hours |
|
| Learning activities | Caratterizzante |
| Area | Ingegneria meccanica |
| Academic discipline | ING-IND/17 |
| Type of study-unit | Obbligatorio (Required) |
INDUSTRIAL PLANTS B
| Code | GP004998 |
|---|---|
| CFU | 5 |
| Teacher | Valentina Caldarelli |
| Teachers |
|
| Hours |
|
| Learning activities | Affine/integrativa |
| Area | Attività formative affini o integrative |
| Academic discipline | ING-IND/35 |
| Type of study-unit | Obbligatorio (Required) |
| Language of instruction | Italian |
| Contents | Introduction to Economics for Engineers Costs and project economics Cost estimation techniques Time-money relations and equivalence concept Applications of time-money relations Comparison of alternatives Depreciation and income taxes Inflation and exchange rates Replacement analysis |
| Reference texts | W.G. Sullivan, E.M. Wicks, J.T. Luxhoj. Economia applicata all’ingegneria, Italian Edition by Enrico Scarso, Ettore Bolisani, PEARSON, Prentice Hall. - Material provided by the teacher. |
| Educational objectives | The aim of the course is to provide the principles, the basic concepts and the methodology of economics applied to engineering and to learn the use of these methods and the process necessary to make rational decisions regarding economic problems in the plants industrial. The main knowledge acquired will be: - knowledge of fundamentals of economics applied to engineering - knowledge of cost estimation techniques and time-money relations - ability to compare alternatives regarding decision-making processes |
| Prerequisites | It is necessary to have successfully passed the examination of Machine. |
| Teaching methods | The course is organized as follows: - theoretical lessons on all topics of the program - classroom exercises consisting in solving practical problems The exercises are held during class time, and immediately follow the theoretical lesson to which they refer. |
| Other information | Attendance is not compulsory but strongly adviced. |
| Learning verification modality | The exam consists of a written test divided into two parts: - an answering 10 quizzes with 4 possible answers, of wich only one is the correct one, aimed at verifying the learning of the resolutive methods of practical problems. Its lenght is 1 hour. To each correct quiz answer 1.5 point is assigned. Wrong answer results in minus 0.25. The answers not given have no weight; - a written test aimed at verifying the learning of theoretical concepts consisting of open-ended questions. The duration of this second test will be approximately 20 minutes. The examination, as a whole, allows to verify both the ability of knowledge and understanding, and the ability to apply the acquired skills. The final grade will be given by the sum of the evaluation of the two written tests, each of which weighs 15/30. It should be remembered that this teaching is a module within the course of Industrial Plants, therefore the final evaluation will be given by the average of the evaluation of the 2 modules. For information on support services for students with disabilities and / or DSA visit the page http://www.unipg.it/disabilita-e-dsa |
| Extended program | Introduction to economics applied to engineering The principles of economics applied to engineering Formulation of alternatives Search for promising alternatives Formulate investment alternatives Estimation of expected results Choice of a decision criterion Analysis and comparison of alternatives Choice of the preferred alternative Performance monitoring and ex-post evaluation of results Costs and project economics Types of costs Fixed, variable and incremental costs Recurring and non-recurring costs Direct and indirect costs and standard costs Monetary costs and non-monetary costs Irreversible costs (sunk cost) Opportunity cost Cost related to life cycle (life-cycle) Optimization of design based on costs Short-term economic analyzes The use of the total cost in the choice of materials Different processing speeds Analysis of make or buy (outsourcing) Accounting fundamentals Cost estimation techniques The Work Breakdown Structure (WBS) The cost and revenue plan Estimation techniques (models) Some estimation techniques (models) Indicators Unit cost / revenue technique Cost Factor Technique Parametric estimates Power law and dimensioning Learning and improvement Time-money relations and equivalence concept Simple interest Compound interest The concept of equivalence Formulas of interest for individual cash flows Formulas of interest for equal payment series Formulas for calculating interest in the system discrete or discontinuous capitalization Deferred annuities (uniform series) Calculation of equivalence using multiple factors Formulas of interest for uniform gradient series Formulas of interest for geometric gradient series Interest rates that vary over time Nominal and effective interest rates Most frequent capitalization periods of the year Single sums Uniform and gradient series Less frequent cash flows than settlement periods More frequent cash flows than the capitalization periods Continuous capitalization and discrete cash flows Mortgages and equivalence calculations Applications of time-money relations Setting the minimum rate of return (MARR) l present value method l The value of bonds The capitalized value method The future value method The method of the annual equivalent value l the internal rate of return method the external rate of return method The payback method Cash profile of an investment ROI and ROAI Comparison of alternatives useful lives equal to the period of study Equivalent value methods Internal rate of return method different useful lives Different lives and analysis through the rate of return Depreciation and income taxes Depreciation at constant rates (linear) Depreciation-based amortization Depreciation based on the degree of use A complete example of amortization calculation Tax-admitted amortization methods Inflation and exchange rates The relationship between current euros and constant euros The correct interest rate to use in the analysis of economics applied to engineering The relationship between ic, i, and f Replacement analysis Reasons for replacement Value of the defender and external point of view Economic life of the defender and challenger Determine the economic life of a new asset (challenger) |