General description
Course Description:
Introduction to engineering economics.
Cost concepts and design economics. Relationships between time and money and the concept of equivalence. Time and money applications. - Compare alternatives. Income and Depreciation Tax Considerations. - Changes in prices and exchange rates for foreign currencies. Dealing with uncertainty and risk.
Educational Outcomes:
1- - Apply the basic concepts of engineering economics as a central part of the engineering economic decision-making process.
2- - Deduce and apply many factors of engineering economics.
3- - Evaluating investment opportunities and comparing alternatives using engineering economics factors.
4-- Learn how to compare engineering projects using engineering economic analysis.
5 - Learn how tax, depreciation, and inflation accounts for the analysis of engineering economics.
6- - Learn to perform break-even calculations and sensitivity analyzes under conditions of uncertainty.