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The life cycle of a product chiefly depends on the choice of material’s implications which obviously influences many characteristics of economic and environmental performance. This [course_title] helps you evaluate those implications by solving problems related to life cycle environmental evaluation, material choice concepts, fundamentals of engineering economics etc. with the help of extensive assignments.


This course does not involve any written exams. Students need to answer 5 assignment questions to complete the course, the answers will be in the form of written work in pdf or word. Students can write the answers in their own time. Each answer needs to be 200 words (1 Page). Once the answers are submitted, the tutor will check and assess the work.


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Course Credit: MIT


Course Curriculum

Introduction 00:15:00
Introduction, Time Value of Money, Single Payment Discounting 00:15:00
Value, Multi-payment Discounting, Non-uniform Cash Flows 00:15:00
Effective Interest Rates 00:45:00
Comparing Alternatives 00:30:00
Dealing with Changing Prices 00:15:00
Combining Concepts 00:15:00
Concepts of Materials Indices, Software Introduction 01:00:00
Material and Shape Selection 00:30:00
Process Selection, In-class Examples 00:15:00
Using Cost Models – Concepts and Principles 00:30:00
Tackling Variable Costs 00:30:00
Modeling Fixed Costs 00:30:00
What is the Cost of Materials Usage 00:15:00
An Overview of Life Cycle Assessment 00:15:00
Analysis Goal and Scope; Inventory Methods 00:15:00
Impact Assessment 00:15:00
Submit Your Assignment 00:00:00
Certification 00:00:00

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