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Course Information

Course Name
Turkish Mühendislik Ekonomisi
English Engineering Economics
Course Code
END 312 Credit Lecture
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 non-specialist 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. Inflation-interest relations. Depreciation. Depletion. After-tax 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 life-cycles and Compare infinite-life 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
Required Facilities
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, McGraw-Hill, 2009.
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