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END 312
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Course Information
Course Name
Turkish
Mühendislik Ekonomisi
English
Engineering Economics
Course Code
END 312
Credit
Lecture
(hour/week)
Recitation
(hour/week)
Laboratory
(hour/week)
Semester

3
3


Course Language
Turkish
Course Coordinator
İrem Uçal Sarı
Course Objectives
I. To gain the ability of applying economic analyses in the related engineering discipline,
II. To understand the major capabilities and limitations of discounted cash flow analysis for evaluating proposed capital investments.
III. To be able to recognize, formulate, and analyze cash flow models in practical situations. Understand the assumptions underlying these models, and the effects on the modeling process when these assumptions do not hold.
IV. To be able to communicate the results of the modeling process to management and other nonspecialist users of engineering analyses
Course Description
Cost and accounting terms. Terminology and cash flow diagrams. Interest factors and their use. Nominal and effective interest rates. Continuous compounding. Present worth and capitalized cost analysis. Uniform annual cash flow analysis. Rate of return analysis. Internal and external rates of return. Benefit / cost ratio analysis. Payback period analysis. Replacement analysis. Inflationinterest relations. Depreciation. Depletion. Aftertax economic analysis. Breakeven analysis. Capital budgeting under budget constraints. Sensitivity analysis and decision trees. Investment analyses under risk.
Course Outcomes
I. To determine and analyze life cycle costs, to be able to use cost estimation techniques
II. Convert nominal and effective interest rates.
III. To calculate the equivalents of cash flows by considering the time value of money
IV. To apply discounted cash flow techniques such as net present worth, equivalent uniform annual worth, internal rate of return and benefit cost ratio.
V. Compare alternatives with differing lifecycles and Compare infinitelife projects using capitalized costs
VI. To apply payback period analysis
VII. To apply replacement analysis
VIII. Apply fundamental income taxation, inflation, and depreciation to their analysis.
IX. To be able to model capital budgeting and allocation problems
X. Apply economic analysis under risk and uncertainty and multiple criteria
Prerequisite(s)
Required Facilities
Other
Textbook
• Sullivan, W. G., Wicks, E. M., & Luxhoj, J. T. (2003). Engineering economy, 12th Edition. Upper Saddle River, NJ: Prentice Hall.
Other References
Leland T. Blank, Anthony Tarquin, Engineering Economy, 6th Edition, McGrawHill, 2009.
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