Introduction to Equivalent Annual Cost
This is a live class recording from my Engineering Economics class. The topic is Equivalent Annual Cost (EAC or EUAC) and it is part of the larger topic of Replacement Decisions. Key concepts are Annual Worth, Annuities, Equivalent Annual Cost - Capital, Equivalent Annual Cost - Operating and Maintenance Cost, Equivalent Uniform Annual Cost, and the thinking behind EAC and the concept of Economic Life. This is a Lightboard Video.
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