Practical Engineering Economics Seminar
Agenda
Registration: 8:00 – 8:30 am
Morning Session: 8:30 am – 12:15 pm
Lunch (On your own): 12:15 – 1:15 pm
Afternoon Session: 1:15 – 5:00 pm
Using Economic Principles to Make Better Engineering Decisions
Economic principles for engineers
Basics of economic analysis
Costs and revenues
Break even analysis
Engineering Projects and the Time Value of Money
The time value of money
Understanding interest formulas
Effective interest rate
Comparing the value of alternatives
Calculating Present, Future and Annual Worth
Present worth: concept, applications and calculation
Future worth: concept, applications and calculations
Annual worth: concept, applications and calculations
A few words about depreciation
Applying Economics to Engineering:
Equipment Purchase Cost Estimating
Types of estimates
Cost quotes and other relevant data
Methodology
Applying Economics to Engineering:
Estimating Production Costs
Assembling cost data
Estimating methods
Applying Economics to Engineering:
Economic Evaluation of Projects
Common evaluation methods:
Payback method, net present value method, return on
investment annual cost, and others
Analyzing risk and other factors
Credits
Professional Engineers
7.0 CPC Credits/PDHs
Continuing Education Credit Information
This seminar is open to the public and offers 7.0 CPCs to professional engineers in all states.
HalfMoon Education is an approved continuing education sponsor for New Jersey engineers (Approval No. 24GP00000700).
HalfMoon Education is deemed a New York-approved continuing education provider for engineers via its registration with the American Institute of Architects Continuing Education System (Regulations of the Commissioner §68.14(i)(2)).
HalfMoon Education is an approved continuing education sponsor for engineers in Florida, Indiana (License No. CE21700059), Maryland, North Carolina, and North Dakota.
Attendance will be monitored, and attendance certificates will be available after the seminar for most individuals who complete the entire event. Attendance certificates not available at the seminar will be mailed to participants within fifteen business days.
Speakers
Ha Yeung (Henry) Yu, P.E. P.Eng. PMP LEED Green Associate CTS
Senior Cost Engineer, Port Authority of New York and New JerseyMr. Yu is a licensed professional engineer in New York State and the Provinces of Alberta and British Columbia, Canada. Mr. Yu is a project management professional (PMP), a LEED green associate and an AVIXA certified technology Specialist. He possesses extensive experience in planning and management for diversified domain construction projects ranging from medium to large-scale industries, and he has an in-depth understanding of engineering design and construction management. He also provides on-call service as a FEMA substantial damage estimator. Mr. Yu’s areas of expertise includes heavy civil construction, cost estimating, value engineering, project scheduling, feasibility studies, risk assessment, asset management and lifecycle cost analysis. He has conducted cost estimating training programs by invitation of the New York City Economic Development Corporation, and has been teaching the cost estimating and project management lectures for more ten years for the New York City Local 3 electricians, plumbers, carpenters and workers of other trades at the SUNY Empire State College and the Mechanics Institute of the General Society of Mechanics and Tradesmen.