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Engineering Economy (IENG323)

The purpose of this course is to give an introduction to economic analysis for decision making in engineering design, manufacturing equipment and industrial projects. Cost concepts. Subjects covered are time-value of money, cash-flow analysis, cost-benefit analysis, decision making among alternatives (present worth, equivalent-uniform annual worth and rate-of-return methods), replacement analysis, after tax analysis, breakeven analysis, capital budgeting, and inflation.

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