Economic decision making with capital and operating cost estimation, taxation, depreciation, profitability, payback, net present value, interest rates and sensitivity analysis. Applications to design and operation of engineering systems, emphasizing safety, equipment performance, uncertainty, flexibility and troubleshooting. Students will work individually and in groups on problem-based projects.
Economic decision making with capital and operating cost estimation, taxation, depreciation, profitability, payback, net present value, interest rates and sensitivity analysis. Applications to design and operation of engineering systems, emphasizing safety, equipment performance, uncertainty, flexibility and troubleshooting. Students will work individually and in groups on problem-based projects.
