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Dec 11, 2024
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IE 405 - Engineering Economic Analysis3 Credit Hours
Role of engineering economy in engineering practice; principles of economic equivalence; time value of money and discounted cash-flow techniques; analysis of single and multiple investments; comparison of alternatives; capital recovery and tax implications; inflation; public sector analysis; cost estimation; depreciation schedules; break-even point concepts; decision making under uncertainty; risk analysis; introduction to investing in the financial market; basic accounting principles and financial statements including balance sheets, income statements, cost of goods sold statements, and business ratios.
Registration Restriction(s): College of Engineering or biosystems engineering majors.
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