Format No. QSP/7.1/01.F01 (B) Issue No.06 Rev.

No 6, Dated Sep 1, 2018

________________________________________________________________
UNIVERSITY OF PETROLEUM & ENERGY STUDIES
School of Engineering
Dehradun
COURSE PLAN
Programme : B. Tech –ADE,PIE
Course : Economics and Life cycle Concepts
Course Code : PMEO 401
No. of credits : 3
Semester : VIII
Session : Jan 2019 –July 2019
Batch : 2015-19
Prepared by : DEEPAK
Email : deepak@ddn.upes.ac.in

Checked By Approved By

APMC Coordinator HOD

UPES Campus
“Energy Acres”
P.O. Bidholi, Via Prem Nagar, Dehradun
PROGRAM OUTCOMES (POs) for B-Tech Mechanical & ADE

PO1. Engineering knowledge: Apply the knowledge of mathematics, science, engineering

fundamentals, and an engineering specialization to the solution of complex engineering
problems.
PO2. Problem analysis: Identify, formulate, review research literature, and analyze complex
engineering problems reaching substantiated conclusions using first principles of mathematics,
natural sciences, and engineering sciences.
PO3. Design/development of solutions: Design solutions for complex engineering problems
and design system components or processes that meet the specified needs with appropriate
consideration for the public health and safety, and the cultural, societal, and environmental
considerations.
PO4. Conduct investigations of complex problems: Use research-based knowledge and
research methods including design of experiments, analysis and interpretation of data, and
synthesis of the information to provide valid conclusions.
PO5. Modern tool usage: Create, select, and apply appropriate techniques, resources, and
modern engineering and IT tools including prediction and modeling to complex engineering
activities with an understanding of the limitations.
PO6. The engineer and society: Apply reasoning informed by the contextual knowledge to
assess societal, health, safety, legal and cultural issues and the consequent responsibilities
relevant to the professional engineering practice.
PO7. Environment and sustainability: Understand the impact of the professional engineering
solutions in societal and environmental contexts, demonstrate the knowledge of, and need for
sustainable development.
PO8. Ethics: Apply ethical principles and commit to professional ethics, responsibilities, and
norms of the engineering practice.
PO9. Individual and Teamwork: Function effectively as an individual, and as a member or
leader in diverse teams, and in multidisciplinary settings.
PO10. Communication: Communicate effectively on complex engineering activities with the
engineering community and with society, such as, being able to comprehend and write effective
reports and design documentation, make effective presentations, and give and receive clear
instructions.
PO11. Project management and finance: Demonstrate knowledge and understanding of the
engineering and management principles and apply these to one’s own work, as a member and
leader in a team, to manage projects and in multidisciplinary environments.
PO12. Life-long learning: Recognize the need for, and have the preparation and ability to
engage in independent and life-long learning in the broadest context of technological change.

PROGRAM SPECIFC OUTCOMES (PSOs) for B-Tech Mechanical:

PSO1: Apply the knowledge of thermal engineering, design and manufacturing technology in
developing mechanical products and systems.
PSO2: Apply advanced modern techniques such as lean manufacturing, Rapid Prototyping
etc., and Software tools such as Catia, NASTRAN, PATRAN, etc. in designing mechanical
products.
PROGRAM SPECIFC OUTCOMES (PSOs) for B-Tech ADE

1. Evaluate thermal performance of IC engines under different fuel modes

2. Investigate the trouble shooting of automotive systems

3. Design and develop automotive systems using modern tools.

COURSE PLAN

L T P C
Course Code: PMEO Course Name: B. Tech –ADE,PIE 3 0 0 3
401 Course : Economics and Life cycle Concepts

Pre-requisites/Exposure Mathematics
Co-requisites

A. Course Objectives

1. To help the students understand the fundamentals and relevance of accounting and
economics in the context of engineering sciences in general, and automotive engineering
in particular
2. To enable students to understand prepare and analyze the corporate financials
3. To empower students with the understanding of Sources of raising capital, its investment
and making Capital Budgeting decision and the time value of money.
4. To expose students to the scope of engineering economics, break even analysis, make
or buy decision and elementary economic analysis
5. To equip students with necessary engineering skills related to depreciation of assets, its
valuation and Replacement and Maintenance Analysis
B. Course Outcomes
On completion of this course, the students will be able to
CO1. Understand the role of economics in decision-making
CO2. Estimate the Present, annual and future worth comparisons using cash flow diagrams.
CO3. Compute the depreciation of an asset using standard depreciation techniques to assess
its impact on present or future value.
CO4. Study the replacement and maintenance analysis
C. Catalog Description
D. Economics, Accounting and Finance are important in many ways for engineering discipline.
The highly multidisciplinary nature of the subject can be gauged from the fact that it covers
the basic concept of economics. The current course covers the fundamental background in
the economics, Accounting and Finance with a special emphasis on applications of
Economics and Financial aspects of Business, as relevant to engineering sciences in general
and automotive engineering in particular. The course begins with a description of different
 aspects of Economics discipline. The students will learn the basic concepts of Economics and
then they will be familiarized with Engineering Efficiency and Economic Efficiency. The
students will also get an idea about the basic concepts of accounting, break-even analysis
and different cost concepts. Further, being a rigorous course on problem solving, it will
acquaint students with Depreciation accounting, sources to raise money, cost involved in
raising funds, its allocation and Capital budgeting decision. They will also get an insight into
Make or Buy decisions and replacement analysis.
Table: Correlation of POs, PSOs v/s COs for Mechanical

PO/CO PO PO PO PO PO PO PO PO PO PO PO PO PSO PSO

1 2 3 4 5 6 7 8 9 10 11 12 1 2
CO1 3 3 1 1
CO2 3 3 2 3 1 1
CO3 1 2
CO4 2
Average 1.5 1.5 0.7 0.7 - 0.7 1.2

1. WEAK 2.MODERATE 3.STRONG

Table: Correlation of POs, PSOs v/s COs for ADE

PO/CO PO PO PO PO PO PO PO PO PO PO PO PO PSO PSO PSO

1 2 3 4 5 6 7 8 9 10 11 12 1 2 3
CO1 3 3 1 1
CO2 3 3 2 3 1 1
CO3 1 - 2
CO4 - 2
Avera 1.5 1.5 0.7 0.7 - 0.7 0.25 1
ge
1. WEAK 2.MODERATE 3.STRONG

E. COURSE COMPLETION PLAN

Total classroom sessions 36

Total class test 02
Total Assignment 2

One Session =60 minutes

 F. Modes of Evaluation: Class tests/Assignment/Tutorial Assessment/Written
Examination
Examination Scheme:

Components IA MSE ESE

Weightage (%) 30 20 50

G. INTERNAL ASSESSMENT: WEIGHTAGE – 30%

Internal Assessment shall be done based on the following:

Description % of Weightage out of 30%

Sl. No.

1 Class Tests and Quizzes 50%

2 Assignments (Problems/Presentations) 20%

3 Attendance and conduct in the class 30%

F1. Internal Assessment Record Sheet (including Mid Term Examination marks) will be
displayed online at the end of semester i.e. last week of regular classroom teaching.

F2. CLASS TESTS/QUIZZES: Two Class Tests based on descriptive type theoretical &
numerical questions and.

F3. ASSIGNMENTS: One assignment will be given before midterm examination and one
before the end term examination. Those who fail to submit the assignments by the due
date shall lose their marks.
F4. GENERAL DISCIPLINE: Based on student’s regularity, punctuality, sincerity and
behavior in the class.
The marks obtained by the students will be displayed on LMS at the end of semester.
F5. MID TERM EXAMINATION: WEIGHTAGE – 20%
Mid Term examination shall be Two Hours duration and shall be a combination of Short
and Long theory Questions.
Date of showing Mid Term Examination Answer Sheets: Within a week after
completion of mid Sem examination.
F6. END TERM EXAMINATION: WEIGHTAGE – 50%
End Term Examination shall be Three Hours duration and shall be a combination of
Short and Long theory/numerical Questions.
F7. GRADING:
The overall marks obtained at the end of the semester comprising all the above three
mentioned shall be converted to a grade.

H. COURSE DELIVERY PLAN

TOPICS/SUB TOPICS NO. OF Course Assignment(s

SESSION Outcomes )/Quizzes/
(Contact Addressed Tests
Hours)
Unit 1: Introduction to Economics
Law of supply and demand, flow in an
CO1
economy, concept of engg. efficiency & 6
economic efficiency, elements of costs,
break even analysis, elementary
economic analysis ,process planning
Numerical problems on topic given
above
UNIT 2: Interest formula and their
applications
Time value of money – Simple and CO1 ,CO2
compound interest, Cash flow diagram,
Principle of economic equivalence.
Evaluation of engineering projects –
Present worth method, Future worth 8
method, Annual worth method, internal
rate of return
method, Equal payment series payment
factor, equal payment series capital
recovery factor, uniform gradient series
annual equivalent factor , Cost-benefit
analysis in public projects
Numerical Problems of all methods
Unit-3 Methods of Comparisons
Present worth method of comparison 6
,future worth method of comparison Quiz1
,annual equivalent method ,rate of return CO1 ,CO2 Assignment
method 1
Numerical problems of above method
using revenue dominated cash flow
diagram/cost dominated cash flow
diagram
Unit -4 REPLACEMENT AND
MAINTENANCE ANALYSIS -Types
of Maintenance, Types of Replacement 8
Problem, Determination of Economic
Life of an Asset, Replacement of an
CO4
Asset with a new Asset – Capital
Recovery with Return and Concept of
Challenger and Defender, Simple
Probabilistic Model for Items which fail
completely
Unit 5-DEPRECIATION
Depreciation- Introduction, Straight
Line Method of Depreciation, Declining Quiz 2
Balance Method of Depreciation-Sum of Assignment -
the years Digits Method of 2
Depreciation, Sinking Fund Method of
Depreciation/ Annuity Method of 8
Depreciation, Service Output Method of CO3
Depreciation-Evaluation of Public
Alternatives- Introduction, Examples,
Inflation Adjusted Decisions –
Procedure to Adjust Inflation, Examples
on comparison of Alternatives and
Determination of Economic Life of
Asset
End Term Examination

I. PEDAGOGY:

H.1 Lectures (Power Point Presentation and Black Board)

J. SUGGESTED READINGS:
I1. TEXT BOOK:

1. Engineering Economics by R. Panneerselvam.

I2. REFERRENCE BOOKS:

1. Engineering Economics and costing by D.M. Mithani and Suresh Chandra Das
K. OTHER RESOURCES

I1. VIDEO RESOURCES:

1. https://nptel.ac.in/downloads/112107209/
I2. WEB RESOURCES:
 1. https://nptel.ac.in/courses/112107209/

GUIDELINES

Cell Phones and other Electronic Communication Devices: Cell phones and other electronic
communication devices (such as Blackberries/Laptops) are not permitted in classes during Tests
or the Mid/Final Examination. Such devices MUST be turned off in the classroom.

E-Mail and online learning tool: Each student in the class should have an e-mail id and a
password to access the LMS system regularly. Regularly, important information – Date of
conducting class tests, guest lectures, via online learning tool. The best way to arrange meetings
with us or ask specific questions is by email and prior appointment. All the assignments
preferably should be uploaded on online learning tool. Various research papers/reference
material will be mailed/uploaded on online learning platform time to time.

Attendance: Students are required to have minimum attendance of 75% in each subject.
Students with less than said percentage shall NOT be allowed to appear in the end semester
examination.

Course outcome assessment: To assess the fulfilment of course outcomes two different
approaches have been decided. Degree of fulfillment of course outcomes will be assessed in
different ways through direct assessment and indirect assessment. In Direct Assessment, it is
measured through quizzes, tests, assignment, Mid-term and/or End-term examinations. It is
suggested that each examination is designed in such a way that it can address one or two
outcomes (depending upon the course completion). Indirect assessment is done through the
student survey which needs to be designed by the faculty (sample format is given below) and it
shall be conducted towards the end of course completion. The evaluation of the achievement
of the Course Outcomes shall be done by analyzing the inputs received through Direct and
Indirect Assessments and then corrective actions suggested for further improvement.

Passing criterion:

• For UG-Students: Scoring less than 35 absolute marks in individual course either in
end semester examination or as composite score shall be awarded as ‘F’

• For PG-Students: Scoring less than 40 absolute marks in individual course either in
end semester examination or as composite score shall be awarded as ‘F’

• For UG & PG: Students scoring 85 marks and above as composite score (IA+MS+ES)
shall be awarded as the highest grade as ‘O’ i.e., Outstanding (on 10 point Scale) and
‘A’ i.e., Outstanding (on 4 point Scale)
 Sample format for Indirect Assessment of Course outcomes

NAME:
ENROLLMENT NO:
SAP ID:
COURSE:
PROGRAM:

Please rate the following aspects of course outcomes of --------------------.

Use the scale 1-3*
Sl. 1 2 3
No.
1 CO1. Understand the role of economics in decision-making
2 CO2. Estimate the Present, annual and future worth comparisons
using cash flow diagrams.
3 CO3. Compute the depreciation of an asset using standard
depreciation techniques to assess its impact on present or future
value.
4. CO4. Study the replacement and maintenance analysis

* 1 WEAK 2 MODERATE 3 STRONG