6:26 PM P 4033567 K/S MEE 312/FEG 312, Engineering Economics Objective 2024/2025 Session Group Work: Case Study of Small-Scale Engineering Outlets To apply Engineering Economic principles to real-world scenarios, analyze the viability of small-scale engineering outlets, and develop report-writing and presentation skills. Instructions Each group should visit a small-scale engineering outlet in your local area. Below are examples of outlets recommended: Chemical: a) Sachet water processing mini plant b) Soap and detergent making outlet plant c) Small-Scale LPG Depot (Mini Plants) with capacity 2.5-10 tons (MT) d) Other related outlets Electrical: a) Installation of Solar panels and electricals accessories b) Electrical Auto workshop for charging of Acid Batteries and electrical components in vehicles c) Repair of Transformers and Heavy-duty electrical appliances d) Other related outlets Two groups or more should not visit same outlet. But may visit different outlets in the same type of industry, for example different small-scale LPG deports. Thereafter, each group should collect relevant data and information to complete the following tasks. Tasks 1. Location and Background Information: Provide the location (with GPS/google map), history, and background information of the outlet. 2. Investment and Cost Structure: Estimate the initial investment, fixed costs, and variable costs associated with the outlet. 3. Sales and Revenue: Determine the average monthly sales and revenue of the outlet. 4. Break-Even Point (BEP) Analysis: Calculate the BEP in units and Naira, and create a BEP chart. 5. Cash Flow Analysis: Prepare a simplified cash flow statement for the outlet. 6. Return on Investment (ROI) Analysis: Calculate the ROI for the outlet. 7. Plans for expansion 8. Recommendations: Provide recommendations to improve the outlet's economic performance. Report Format 1. Cover Page: Include group members' names & Mat. Nos, outlet name, and location. 2. Executive Summary: Summarize the report's key findings and recommendations. 3. Introduction: Introduce the outlet and provide background information. 4. Data Collection and Analysis: Present the data collected and analysis performed. 5. Results and Discussion: Discuss the results, including BEP, cash flow and challenges 6. Conclusion: Summarize the key findings and implications. 7. Recommendations: Provide actionable recommendations for improvement. 8. Appendices: Include any additional information, such as raw data, calculations, or charts. Grading Criteria 1. Report Content (40%): Depth and accuracy of analysis, completeness of report. 2. Report Presentation (20%): Clarity, organization, and visual appeal of the report. 3. Presentation (20%): Clarity, confidence, and effectiveness of the presentation. ||| כ