Fundamentals of Engineering Economy (IENG420)
An introduction to the basics of economic analysis for decisions in engineering design, in manufacturing, in manufacturing equipment, and in industrial projects. Time value of money. Cash-flow analysis. Cost of capital. Return on investment. Elements of cost and cost estimation. Break-even analysis. Decision making among alternatives. Effects of depreciation. Taxes. Replacement analysis. Inflation.
Lecture Hour (hrs/week): 3
Lab (hrs/week): 0
Tutorial (hrs/week): 0