Introduction to Engineering Economy. 3 credits

Catalog description

The introductory course in engineering economy covers the application of economic principles in the analysis of engineering and scientific decisions. It focuses on making rational and intelligent decisions associated with allocations of scarce resources in the engineering and technological setting in which alternatives need to be evaluated. This course provides students with skills to assess the costs and benefits of engineering and scientific investments, such as product and technology development programs and capital purchases. It also presents the framework for selecting among alternative designs, for managing technologies over their lifecycles, and for evaluating the finances of new ventures/projects. Offered by Systems Engr & Operations Rsch . Limited to two attempts.