Engineering Economy 1.
Thermal energy capacity is the product of
Module 4 – Continuation of Money Time a. Mass and specific volume
and Equivalence b. Mass and specific heat
c. Pressure and temperature
d. Pressure and specific volume
2. The sum of the energies of all molecules in a
LEARNING system, energies appear in several complex forms,
OBJECTIVES is the
a. Kinetic energy
After studying this module, you should be able to b. Potential energy
compute: c. Internal energy
d. Thermal energy
– The future value of an investment
made today
– The present value of cash to be
received at some future date
– The return on an investment
3. Mechanical energy of pressure transformed into
– The number of periods that equates energy of heat:
a present value and a future value a. Kinetic energy
given an interest rate b. Enthalpy
c. Heat exchanger
• Be able to solve time value of money d. Heat of compression
problems using: 4. Heat is conducted in the direction of
a. Increasing temperature
– Formulas b. Decreasing temperature
c. Decreasing pressure
d. None of these
TOPIC
OUTLINE INFLATION
1. Inflation
Inflation – is the increase in the prices for goods and services
from one year to another, thus decreasing the purchasing
OVERVIEW power of money.
n
FC=P C (1+f )
Where:
Module 1 serves as a brief discussion about the FC = future cost of a commodity
basic concepts of thermodynamics and heat PC = present cost of a commodity
f = annual inflation rate
transfer. It gives us an overview on the forms of
n = number of years
energy and the laws governing it. This module is In an inflationary economy, the buying power of money
good for 2 hour lecture. decreases as cost increases:
P
ACTIVATING F=
( 1+ f )n
PRIOR KNOWLEDGE
Module 1 – Basics of Heat Transfer | Page 1 of 2
If interest is computed as the same time that inflation is A work done per unit of time is called work
occurring:
Ẇ and the common unit is Watts W or
n
1+i
F=P
1+f ( ) horsepower hp (1 hp = 746 W)
The first law of thermodynamics states that
Where: energy can neither be created nor destroyed; it
F = future worth of today’s present amount P can only change forms.
f = annual inflation rate
n = number of years
i = rate of interest
If the uninflated present worth is to be determined: LEARNING ACTIVITY 1
F F
P= =
( 1+i ) ( 1+ f ) ( 1+i cf )n
n n
Open the link below for your activity number 1.
i cf =i+ f +if
SAMPLE PROBLEMS https://docs.google.com/forms/d/1zWCFN6gGBgf6
Example 1: A man invested P 130,000 at an interest rate of x6A45BNIM7Ded2TEOIMKY4a5sHv974A/edit?
10% compounded annually. What will be the final amount of usp=sharing
his investment, in terms of today’s peso, after 5 years, if
inflation remains the same at the rate of 8% per year?
Ans. P 142,491
Example 2: What is the uninflated present worth of a P
REFERENCES
200,000 future value in two years if the average inflation
Kreith, F., Manglik, R., & Bohn, M. (2012). Heat
rate is 6% and interest rate is 10%.
Ans. P 147,107 Transfer: Principles and Applications, 7th
Edition. Cengage Learning Asia Pte Ltd
Holman, J.P. (2010). Heat Transfer Tenth Edition.
SUMMARY The McGraw-Hill Companies, Inc.
Let us see if you can remember the main points
Cengel, Y. A. (2014). Heat Transfer: A Practical
raised in this lesson. Below is a summary of these
Approach, 2nd Edition. The McGraw-Hill
points:
Companies, Inc.
Heat transfer is the science that deals with
the rate of transfer of energy that takes
place between material bodies as a result of Prepared by:
a temperature difference.
Thermodynamics simply states the amount ENGR. RICA MYRIVILLE T. ARELLAGA
of heat being transferred to a body. Faculty, College of Engineering and Architecture
The fundamental requirement of heat
transfer is the presence of a temperature
difference.
The international system of unit of energy is
joule (J) or kilojoule (1 kJ = 1000J).
Specific heat is defined as the energy
required to raise the temperature of a unit
mass of a substance by one degree.
Module 1 – Basics of Heat Transfer | Page 2 of 2
