Engineering Economy: Applying Theory to Practice
• Methods for comparing different investment alternatives: present worth, annual worth, future worth, internal rate of return, external rate of return, benefit-cost ratio, MARR
• Depreciation and income taxes, with emphasis on the Tax Reform Act of 1986
• Replacement analysis procedures
• Capital planning and budgeting, project selection
• Concept of sensitivity analysis when dealing with multiple parameters
• Decision making under conditions of risk and uncertainty
• Multiple Attribute Decision Making
• Monte Carlo Simulation