Engineering Economics

Catalog description

(3:0) Engineering management relies on the knowledge of engineering economics to be able to evaluate projects from a financial perspective. Optimizing financial performance of a project is a key responsibility of the engineer in the decision-making process. Examples of engineering projects would include but not limited to equipment replacement analysis, planning a new product line, and waste management. This course is designed to present engineering students the major concepts and techniques of engineering economic analysis that are needed in the decision-making process. The emphasis of this course is on the analytical analysis of money and its impact on decision making.