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MHN 507E - Engineering Economics

Course Objectives

The engineers should use some systematic techniques while making economic decisions. These techniques are related to the time value of money.

Course Description

Time value of money, simple interest, compound interest, effective and nominal interest, present worth analysis, annual worth analysis, rate of return analysis, benefit/cost ratio analysis, payback period analysis, replacement analysis, sensitivityanalysis, simulation, depreciaition and tax considerations

Course Coordinator
Cengiz Kahraman
Course Language
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