IE 3050: Engineering Economic Analysis
Credits: 3. Contact Hours: Lecture 3.
Prereq: MATH 1660
Time value of money principles applied to business, engineering, and personal economic decisions. Project evaluation and comparison based on equivalence calculations, net present worth, and rate of return analysis. Cash flows for engineering projects that consider life-cycle costs, borrowing, depreciation, taxes, and inflation. Engineering decisions with uncertainty and incorporation of risk into project valuations.
(Typically Offered: Fall, Spring, Summer)