Engineering Economic Analysis (IE 305) Course Details

Course Name: Engineering Economic Analysis
Code: IE 305
Pre-requisite Course(s):
Objective: This course aims to introduce the economic dimension of evaluating and selecting alternative investment projects. By the end of the course, the student will be able to investigate engineering economy problems, and formulate and solve such problems using appropriate conceptual and mathematical skills and modeling structures.
Content: Economic analysis for engineering and managerial decision-making. Cash flows, effect of time and interest rate on money and physical assets. Methods of evaluating alternatives: present worth, future worth, annual worth, rate-of-return and benefit/cost ratios. Depreciation and taxes. Effects of inflation.
Term: Both
Theory: 3
Application: 0
Laboratory: 0
Credit: 3
ECTS Course File: Course File
Course File: