MENG300

 

Course Code: MENG 300                 Course Title: Engineering Economics

Introduction to engineering economics. Principles of money time relationships. Present worth analysis. Annual worth analysis. Rate of return analysis. Benefit/cost analysis. Breakeven analysis and payback period. Capital rationing among independent proposals. Replacement and retention analysis. Cost estimation and indirect cost allocation. Depreciation and depletion. Inflation and deflation. Decision making under risk. Case studies. *(One tutorial hour)