Assignment:
You will be required to apply information that you learn to the Case Study Tasks
Recommend:
a) Select a Case-Studyto cover 3-4 topics in your field of study related process developments for Product design or Application and implementation of it of capital equipment’s selections.
- Interest and Equivalence Economic;Present Worth and Annual Cash Flow Analysis
- Choosing the Best Alternative; Income Tax; Replacement Analysis; Inflation and Price Change
- Safety and Environmental Needs in the Public or Private Sector.
b) See Posted Case-Study- Samples
c) Report format: Power points 8-10 pages or Typed Word Report 6-8 pages
Course Objectives
• To Offer Framework for cost management in engineering Projects.
• To offer assistance in managerial decision making
• To introduce fundamentals of Personal, Private and Public sector financing Engineering Projects
• Apply Mathematics of finance to engineering and managerial decision making.
• Introduce the fundamentals of economic analysis used in engineering decision making.
• To introduce Economic Analysis of Replacement and Retention Decisions
• To prepare students for PE/FE Examinations
Course Learning Outcomes:
This course is one of many that you will take towards your degree in Civil, Construction or Environmental Engineering. Each of our courses is designed as part of your career development in your respective Engineering profession.
Program Outcomes are intended to provide a broad base of knowledge to found your career. However, each course in the curriculum emphasizes particular aspects of that overall body of knowledge. Although other outcomes may also be addressed, this course is intended to have a particular emphasis on the following program outcomes
OUTCOME 9: Apply relevant techniques, skills and modern engineering tools to solve a simple problem
a) Formulate and solve time value of money problems
b) Apply various Engineering Economy techniques to compare engineering alternatives.
OUTCOME 12: Explain key concepts and problem-solving processes used in management
a) Apply results of economic analysis in managerial decision making
b) Apply relevant formulas for financial analysis
OUTCOME 13: Explain key concepts and problem-solving processes used in business, public policy and public administration
a) Explain relevance of engineering economy analysis in the private sector
b) Explain relevance of engineering economy analysis in the public sector