Engineering Economics

Catalog description

The fundamentals of engineering economy are introduced in this course. Topics covered include time value of money, equivalence, cash flows all at varying interest rates and points of time. The factors commonly used in industry for economic evaluation of alternatives are introduced and applied in this course. The analysis includes both a before tax and after tax evaluation of competing investment alternatives. Prerequisites: Math 227 and EDD 112 or permission of instructor. Offered in the Spring semester.