IME 3200: ENGINEERING COST ANALYSIS

Catalog Data:

A course in engineering economics and the economic comparison of alternative technical systems. Includes interest, equivalence, depreciation, taxes and risk.

Prerequisites by topic:

Differential and integral Calculus. MATH 123

Textbook:

Engineering Economic Analysis, Newnan, D.G.., Revised Edition, Engineering Press, 9 th edition, 2004.

References:

Contemporary Engineering Economics by Chan S. Park, Addison Wesley Publishing Company Inc., 1997.

Principles of Engineering Economy, Grant, E.L., Ireson, W.G., and Leavenworth, R.S., Eighth Edition, Wiley & Sons, 1990.

Course Coordinator:

Dr. Bob White, Professor, Industrial and Manufacturing Engineering.

Objectives:

At the end of the semester the student will be able to:

1. Formulate and solve time value of money problems. (a)
2. Identify sources of data and apply appropriate techniques to solve economic problems. (e)
3. Understand the importance of making appropriate economic decisions. (f)
4. Recognize the impact of engineering economics decisions in a global and societal context. (h)

[Letter in parenthesis refers to the ABET- TAC criteria]