Engineering Economy (MANE323)
The purpose of this course is to give an introduction to economic analysis for decision making in engineering design, manufacturing equipment and industrial projects. Subjects covered include interest, economic equivalence, time-value of money, project cash-flow analysis, decision making among alternatives; present worth, capitalized cost, equivalent-uniform annual worth, rate-of-return, benefit-cost ratio methods, replacement analysis, break-even analysis, sensitivity analysis, capital budgeting, inflation, cost estimation, payback analysis, methods of depreciation, after tax economic analysis and computer applications in engineering economics.