IMSE 530 - Engineering Economic Analysis

Credits: 2

The analysis of the economic aspects of engineering/industrial projects. Focus on decision making among competing alternatives, including replacement decisions. Includes: cost estimating, time-value of money and effects of depreciation and taxation. Methods of comparing alternatives are developed, including: equivalent worth, rate of return, break even analysis, and benefit-cost ratio. The course period lasts the first ten weeks of a semester.

 

Requisites:
Prerequisite: MATH 220.

Typically Offered
Fall, Spring

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