Lecture 13
Engineering Economics:
Time Value of Money
Slide #1
Slide #2
Definitions and Cash Flow Diagrams
P = Present value or amount
F = Future value or amount
A = Annualized value or amount
n = Interval for money to change (interest, inflation,)
Slide

Lecture 15
Engineering Economics:
Applications and Examples
Slide #1
F/P
P/F
A/F
F/A
A/P
P/A
Gradient
Factors
Slide #2
All Factors Obey Rules of Algebra
A P ( A / P )
( F / P) ( P / F )
P = (P/F1 ) F1
1
F = (F/P) (P/F1 ) F1
ETC.
Slide #3
Cash Flow Diagram

Lecture 17
Financial Analysis
The Four Financial Statements
Financial statements are issued on a periodic
basis. These are required by US GAAP
(Generally Accepted Accounting Principles)
Balance Sheet
Income Statement
Statement of Owners Equity
Statement o

Lecture 16
Accounting II: Accounting Principles
Successful Businesses
Need a product or service!
Need to be able to price that product
or service so that it will sell
Need to be able to perform the service
or sell the product at a profit
Bottom Line to Su

Lecture 11
Engineering Measurements Part 1
Slide #1
Whats the big deal about how good my
measurements are?
How do you know your test measurements are
valid? Since NIST traceability actually guarantees
little about your test data, how do you know? Could
yo

Lecture 15
Accounting I: Salvage Value &
Depreciation
Salvage Value
Salvage Value = Estimated (actual) value of
an item at the end of its
useful life
- Cost necessary to dispose
of the item
Taxes
Taxable Income = Total Income
- Operating Expenses
- Deprec

Lecture 9
Statistical Models of Manufacturing Reliability
Normal Distribution
Probability density function for a normal distribution is given by
2
y
P( y )
1
y 2
e
2
2 y
where is the mean value of the variable y and y is the
standard deviation of the

Lecture 10
Statistical Models of Manufacturing Variation
Process Capability
Define a Process Capability Index
LSL
USL
-3
3
USL = Upper specification limit
LSL = Lower specification limit
Standard deviation of process
Design Margin USL LSL
Process Variat

Lecture 7
Basic Probability Concepts
Normal Distribution
Probability density function for a normal distribution is given by
2
y
P( y )
1
y 2
e
2
2 y
where is the mean value of the variable y and y is the
standard deviation of the variable y.
P(y )
y

Lecture 8
Reliability Measures and Prediction:
System Reliability
Solve this Problem:
Your company has developed a new
microcontroller. A lot of 1000 units are
tested for 2000 hours, after which 500 good
units remain.
What is the is the probability that o

Lecture 6
Standards & Liability
Performance vs. Design Standards
What is the difference between a performance
standard and a design standard?
All cars shall get at least 30 mpg
All cars shall have seat belts
Most government standards are design standards

Lecture 3
Sustainability and Environmental Issues
Sustainability
What is it?
Why do we care?
What should we do about it?
What is Sustainability?
At Georgia Tech, we define
sustainability research as the inventing
or reinventing of a process/product
which

Lectures 4 & 5
Intellectual Property
ECE Jobs in Intellectual Property
Internal Technical Expert for Law Firms
USPTO
Patent Agent (industry or law firm)
Patent & Trademark Attorney
Expert Witness
Intellectual Property
Patents
3 to 20 years, depending on t