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.
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.
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/
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! :)
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.
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.
Unfortunately, that does happen all too much. I’m happy that it helped, don’t hesitate to let me know if you need anything else! :)
I just woke up at 3pm and got a exam tomorrow morning. Glad I found this because I can't mug up to even pass
These videos are awesome! Thank you very much. Taking the F.E. next fall.
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/
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?
awesome.Understood in the first time.Thankyou very much
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.
Ok thank you.
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
because the formula says "present worth"
How do we know to use F/a column?
how do you know which Formula to use
Hey my man. Thank you. You help.
Hi there, thanks for the video. What if I have a negative ratio after comparing 2 alternatives? Would that be classified under
I'm just having trouble picking which thing to use when you write: (F/A,%, n) I never really know which function to work with from the ncees manual
does it have to be PW? can it be AW of benefits/AW of costs or FW of benefits/FW of costs?
Why alternative b is the best? I did not get it.
very useful for exam purpose
its helps my exam thankew sir
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
Great video though. But I'm not certain where the 3 came from, 4% gotten but the 3 how come about it
Thanks Dickmeyer!
it's true, but the 'teacher' was simply showing the difference (not considerning the -symbols). cost diff is 46k.
bless your beautiful soul
First!! Good video though, thanks it was helpful.
difference is in absolute value
Thank You Sooooo Much
5:20 B-A= -146k-(-100k)= -46k?
maybe he is just finding the difference as an absolute value?
I think it's because at year 0 they were both profit numbers (a cost is negative profit) then he uses 46,000 as a cost thus changing the sign.
plz change the writing way not clear
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! :)
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