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Concepts, principles, and techniques of making decisions pertaining to the acquisition and retirement of capital goods by industry and government. Topics include the time value of money, basic economic decision models, effect of taxation and depreciation on economic decision, and capital allocation.
Credits: 3 hrs.
Notes: Open to Graduate Students Only.
Lecture Hours - Laboratory Hours: (3-0)
Principles of Engineering Economic Analysis, White, Case, Pratt. Wiley & Sons, 2010.
Engineering Economic Analysis, Newnan, D.G.,Tenth Edition, Engineering Press, 2008.
Western Michigan University
E-216 Parkview Campus
Kalamazoo, Michigan 49008-5336
Revision Date: Fall 2010