Engineering Economics
The main aim of this course is making the students acquainted with rational meaningful approaches to evaluating economically different (alternatives) investment opportunities while accomplishing given objectives. The course will also provide the students with the required tools and techniques to consider economic and non-economic factors in evaluating a wide range of industrial and business applications.
Implement appropriate computer-based support tools for problem solving and analysis. Solve a wide range of problems related to the analysis, design, and construction of industrial and service systems
Time Value of Money
Minimal Acceptable Rate of Return
Internal Rate of Return
Project Evaluations
Projects comparison
Inflation
Depreciation
Replacement Decisions
Sensitivity Analysis