Engineering Economics

Northern Arizona University

College of Engineering, Forestry, and Natural Sciences

CENE 286: Engineering Economics

Engineering Economics Homework 1 Assigned: 01/23/2015

100 points (12.5 points for each problem) Due: Start of Class 02/02/2015

Engineering Economics Homework 1 For this homework you need to complete the example problems done throughout reading “FE Engineering Economics” found on BB Learn. There are eight example problems presented in the reading. To get credit for this homework assignment you must complete the items identified below for each of the example probelms. If any of these items are not completed, you will receive zero points for that problem. While you are working through these problems you need to*:

1. Write down the problem that is to be solved. This does not mean re-write the question, it means write the problem that you must find a solution for.

2. Identify all given information 3. Complete and show all work 4. Identify all equations used by name 5. Describe why you are using that equation and what it is used for 6. Identify and describe all variables in the equation 7. Describe what you are doing in each step and why you need to do it

*All descriptions need to be done in your own words. Do not paraphrase what is presented in the reading, you need to provide the description that you understand.