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(5 days)
For: Engineers, mathematicians, business people and
scientists involved with technical decision-making in an economic
world
This
course shows how economic considerations are used, not only to
decide whether to pursue a project or course of action, but to make
design decisions regarding how and at what quantitative level to
proceed in a real, uncertain world where inflation, rates of
exchange variations, regulatory and tax issues, financing options,
etc., are always in flux. Simple and practical guides for such
decision-making are emphasized. Gain a new understanding of how the
quest for the expectation of more and more economic values
essentially defines the key decision parameters in any design or
procedure.
The
course makes liberal use of example applications of optimum economic
designs in a wide array of technical areas; example applications for
specific technical areas can be prepared for a focused group of
delegates.
Major Topics Covered:
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Cash
Flows and Project Economic Performance
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Loans,
Leveraging and Joint Ventures
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Inflation
and International Rates of Exchange
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Examples
of Real World Project's Economic Outcomes: Large and Small
Projects
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Handling
Uncertainties When Making Estimates or Buying/Selling
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Total
Technical Project Designs to Maximize Net Economic Value
Expectations
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