Engineering Economy. 3 credits

Catalog description

Engineering Economics concerns about the application of economic principles in the analysis of engineering decisions. It focuses on making rational and intelligent decisions associated with allocations of scarce resources in the engineering setting in which alternatives need to be evaluated. This course provides engineers with skills to assess the costs and benefits of engineering 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.