END 802 - Basics of Engineering Economics

Course Objectives

The students will learn the engineering economics knowledge and be able to use these knowledge

Course Description

Interest, the time value of money, inflation, taxes; annual compounding, algebraic relationships and solution procedures, discrete and periodic compounding, continuous compounding, equivalence, capital budgeting, net present value analysis, internal rate of return analysis, payback period analysis, benefit-cost ratio analysis, choosing among investment alternatives, equipment replacement and retirement, depreciation dealing with uncertainty