Engineering Economics and Management

Catalog description

This course introduces applications of the mathematics of finance used in engineering decision making by using criteria employed in selecting the best alternative, making short-term and long-term decisions, determining which engineering projects should have a higher priority, comparing different ways to finance purchases and projects, quantitatively assessing the costs of completing capital projects, using appropriate computer software to analyze and model project cash flows, modeling project schedules, and using probability analysis to estimate project durations.