Introduction to engineering economics; cash flow calculations; methods of comparison of alternatives; structural analysis; replacement analysis; public projects; depreciation and income tax; effects of inflation; sensitivity analysis; break-even analysis; decision making under risk and uncertainty. Prerequisite(s): third-year status in Engineering or (second-year status in Engineering and permission of the department). Lectures three hours a week. [0.5 credits]
Introduction to engineering economics; cash flow calculations; methods of comparison of alternatives; structural analysis; replacement analysis; public projects; depreciation and income tax; effects of inflation; sensitivity analysis; break-even analysis; decision making under risk and uncertainty. Prerequisite(s): third-year status in Engineering or (second-year status in Engineering and permission of the department). Lectures three hours a week. [0.5 credits]
