IENG 2005

This course is designed to provide students with the fundamentals of engineering economics. Engineers must function as managers in the real world of decision making where the criteria include not only technological excellence, but cost. Time value of money, project screening, and a variety of discounting analysis techniques are presented. Make versus buy decisions and repair versus replace decisions are discussed. The tax effects on project cash flow and viability are also presented. This course is designed to introduce students to these fundamentals, and apply them through the use of software and projects.