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Nov 03, 2024
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IMSE 822 - Advanced Engineering Economy Credits: 3
This course expands on the principles of the fundamental engineering economics analysis. Emphasis is placed on quantification and evaluation of risk and uncertainty factors, effects of inflation and taxes, economic consequences of estimating models, utility theory, engineering capital equipment replacement analysis and decision-tree and multi-attribute decision models.
Note: Three hours lecture a week.
Requisites: Prerequisite: IMSE 530, or ME 560, or CE 680.
Typically Offered Fall
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