Engineering Economics and Financial Management
Author
Nguyen, Chan Duong
Term
4. term
Publication year
2018
Submitted on
2018-06-15
Pages
25
Abstract
Denne rapport giver en introduktion til ingeniørøkonomi og finansiel styring i byggebranchen. Den er struktureret i tre hoveddele: Først skitseres centrale makroøkonomiske forhold (bl.a. output, BNP, finans- og pengepolitik) og mikroøkonomiske begreber (bl.a. Blue Ocean Strategy, lagerprincipper som FIFO og LIFO samt prisdiskriminering) og der gives et kort overblik over byggeprojektets faser. Dernæst gennemgås økonomisk planlægning af anlægs- og byggeprojekter, herunder omkostningsestimering med Work Breakdown Structure og relevante estimeringsfaktorer; tidsværdien af penge med diskontering, rentes rente og valg af kalkulationsrente; samt projektvurderingsmetoder som cost-benefit-forhold, nettonutidsværdi og intern rente, suppleret af risiko, usikkerhed, sandsynlighedsbaserede beslutninger og løbende evaluering. Endelig præsenteres grundlæggende regnskabsprincipper—aktiver, passiver, dobbelt bogholderi, omsætning og omkostninger—samt afskrivningsmetoder. I diskussionen anbefales implementering af value engineering for at styrke projektresultater. Rapporten bygger på kursusmateriale og litteratur og fungerer som et struktureret, indledende overblik frem for en empirisk undersøgelse; uddraget indeholder ingen originale data eller casestudier.
This report introduces key concepts in engineering economics and financial management for the building industry. It is organized into three main parts: first, it outlines macroeconomic factors (including output, GDP, fiscal and monetary policy) and microeconomic concepts (including Blue Ocean Strategy, inventory methods such as FIFO and LIFO, and price discrimination), and briefly reviews project phases. It then explains economic planning for construction projects, covering cost estimation with Work Breakdown Structures and relevant estimating factors; the time value of money with discounting, compounding, and selection of a discount rate; and project appraisal techniques such as benefit–cost ratio, net present value, and internal rate of return, alongside risk, uncertainty, probability-based decision making, and continuous evaluation. Finally, it summarizes core accounting principles—assets, liabilities, double-entry bookkeeping, revenues and expenses—and depreciation methods. The discussion advocates implementing value engineering to improve project outcomes. Drawing on course materials and literature, the thesis provides a structured introductory synthesis rather than an empirical study; the excerpt presents no original data or case analyses.
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