Managerial Engineering Economics

Catalog description

This course examines investment decision-making from an engineering perspective, based on comparisons of the investment worth of alternative courses of action. The early part of the course focuses on the conventional mathematics of money. This mathematical machinery is then applied to consideration of practical investment decisions, such as replacement of a capital asset, public sector investments, service industry investments, and decision making under risk and uncertainty. The course presents overlapping aspects of accounting, finance, and investment analysis.