Engineering Economic Analysis
SSN 004

This class is a hands-on session covering the basic operation of the Engineering Economic Analysis program. This session is devoted to comparing the lifecycle economics of alternative designs for commercial HVAC systems. Attendees will learn how to apply the program for four types of economic analysis - (1) simple payback, (2) simple cash flow, (3) private sector lifecycle, (4) public sector lifecycle.

Who should attend this training

This course is for HVAC designers who use load calculation software to calculate heating and cooling loads in commercial buildings. A working knowledge of building design and computer skills is required.

Learning Objectives

At the conclusion of this course each student should be able to:

• Successfully define and input studies and cases for the four types of economic analysis
• Generate and properly interpret calculation reports for the four types of economic analysis
• Successfully import HAP simulated project data for performing economic analysis

Training Methods Used

This course uses a combination of classroom lecture, videos, and demonstrations and workshops to present the material. Student’s achievement of the learning objectives is determined by successful completion of the workshops, and final written exam. Workshops are instructor guided exercises using the procedures taught in the lectures.

Topics Covered

All times are approximate and shown as (classroom minutes/workshop minutes).

• Objectives of analysis (5/0)
• Program Terminology (5/0)
• Engineering Economic Analysis Procedures (10/0) 
• Cost Estimating (10/0)
• Types of Analysis (10/0)
• Simple Payback (SPB) (10/0)
• Return on Investment (ROI) (10/0)
• Choosing a Life Cycle Period (10/0)
• Income vs. Cost Based Analysis (10/0)
• Time Value of Money Public vs. Private (10/0)
• Sector Project Alternatives Depreciation (10/0)
• Workshop #1 – Rooftop Unit Fan Study (10/15)
• Evaluating Results (10/0)
• Workshop #2 – Importing HAP Data (10/15)
• Simple Payback Analysis(10/0)
• Public Sector Analysis(10/0)
• Private Sector Analysis (10/0)
• Private Sector Analysis with Tax and Depreciation (10/0)
• Exam (0/15)

Completion requirements

To receive a certificate for this course student must be present for the entire course, complete all workshops and receive a grade of 70% on graded final.

Prerequisite requirements

None.

Suggested background

For HVAC designers with a working knowledge of commercial air conditioning and heating systems, including lab time with service test equipment and tools. Use of load estimating software is also desirable.

Materials to bring

1. Students are required to bring their own laptop computer to class. Contact Software Systems at [email protected] if you will be attending training but DO NOT have a laptop.
2. Please ensure that you have the most recent version of HAP software installed on your laptop. Click on Software Downloads Page for specific details.
3. If you are not currently a HAP user and plan to bring your own laptop computer, request an electronic 90-day HAP demo. Click on this link: Carrier eDesign Trial Request.

What you will receive

Students in this course receive a course workbook.

Appropriate dress for this class

This class is held in a class and business casual dress is appropriate.

Class hours

Class starts at 8:00am and runs until 12:00pm.  Travel arrangements should be made accordingly.

Location & lodging

Most of these classes are held in the local area, see the event flyer or Carrier host for more information.