Engineering Economic Analysis
This course aims at providing the student with advanced concepts of engineering economic analysis and its role in engineering decision making. It is designed to offer the students the tools needed for rigorous presentation of the effect of the time value of money on engineering problem solving and the capacity to act with ethical and efficient professionalism. The tools introduced include present worth analysis, annual cash flow, rate of return, incremental analysis, future worth analysis, and payback period. Additionally, the course also covers topics such as depreciation, after tax analysis, replacement analysis, uncertainty, inflation, deflation, and estimation of future events. The course adds a compulsory knowledge for any project management professional in engineering fields.
|Faculty||Faculty of Engineering and Built Environment|
|School||School of Engineering|
Semester 2 - 2015
On successful completion of this course, students will be able to:
|Assumed Knowledge||Basic mathematics, such as powers and exponents Linear interpolation Ability to generate and understand simple graphs, Basic Excel manipulation skills Students who have completed MECH4830 are not eligible to enroll in MECH6830.|
|Timetable||2015 Course Timetables for MECH6830|