Engineering Economics

Course Description:
This course provides concepts of time value of money. Simple and compound interest. Interest formulas. Decision making among alternatives and evaluation of public projects. Inflation and depreciation calculations. Cost of owning and operating equipment. Breakeven, Minimum Cost life.

Course Outline:
1. The Decision-Making Process. 2. Interest and Equivalence. 3. More Interest Formulas. 4. Present Worth Analysis. 5. Annual Cash Flow Analysis. 6. Rate of Return Analysis. 7. Incremental cost Analysis. 8. Other Analysis Techniques.