Ders Planı

CLASS 1

Lesson plan /

Lesson Information

Course Credit
Course ECTS Credit
Teaching Language of Instruction	İngilizce
Level of Course	Bachelor's Degree, TYYÇ: Level 6, EQF-LLL: Level 6, QF-EHEA: First Cycle
Type of Course
Mode of Delivery	Face-to-face
Does the course require compulsory or optional work experience?
Course Coordinator	Prof. Dr. RAFET AKDENİZ
Instructor (s)
Course Assistant

Purpose and Content

The aim of the course	Engineering Economy is the process of making rational and intelligent decisions associated with the allocation of scarce resources in circumstances in which alternatives can be enumerated. This course provides engineers with skills to assess the cost and benefits of engineering investments, such as product and technology development programs and capital purchases. It also presents the framework for selecting among alternative designs, for managing technologies over their lifecycles, and for evaluating the finances of new ventures/projects
Course Content	-Cost Concepts and Design Economics -Interest and Money-Time Relationships - Methods for Making Economy studies -Comparison of Alternatives -Depreciation and Income Tax Considerations -Consideration of Inflation and Cost Estimating -Replacement Analysis -Economy Studies for Public projects -Decision Models and Utility Theory

The aim of the course

Engineering Economy is the process of making rational and intelligent decisions associated with the allocation of scarce resources in circumstances in which alternatives can be enumerated. This course provides engineers with skills to assess the cost and benefits of engineering investments, such as product and technology development programs and capital purchases. It also presents the framework for selecting among alternative designs, for managing technologies over their lifecycles, and for evaluating the finances of new ventures/projects

Course Content

-Cost Concepts and Design Economics -Interest and Money-Time Relationships - Methods for Making Economy studies -Comparison of Alternatives -Depreciation and Income Tax Considerations -Consideration of Inflation and Cost Estimating -Replacement Analysis -Economy Studies for Public projects -Decision Models and Utility Theory

Learning Outcomes

Adequate knowledge in mathematics, physical sciences and the computer engineering subjects of individual branches; the ability to implement theoretical and practical knowledge in the respective areas to modeling and solving computer engineering problems.
Ability to reflect the developments in Information and Communication Technologies to the applications of Information Technology.
Ability to identify, define, formulate and solve complex computer engineering problems; ability to select and implement the appropriate analysis and modeling methods in this respect.
Ability to design experiments for analysing computer engineering problems, to conduct experiments, to collect data, to analyse and interpret the results.
Ability to design a complex informtacis system, process, device or product to meet specific requirements under realistic restrictions and conditions; ability to implement the modern design methods for this purpose.
Ability to use, choose and develop modern techniques and means required for computer engineering applications; ability to use information technologies effectively.
Ability to work effectively in interdisciplinary and multi-disciplinary teams; ability to work individually..
Knowledge of applications in business life like project management, risk management and change management; awareness about entrepreneurship, innovativeness and sustainable development.
Awareness of the necessity of lifelong learning; ability to reach information, follow the latest developments in science and technology; ability to ensure self-renewal perpetually.
Ability to communicate efficiently both in oral and written ways in Turkish; knowledge of at least one foreign language; ability to effectively prepare reports and understand written reports, prepare design and production reports, effective presentation, giving and receiving clear and understandable instructions.
Knowledge on the effects of informatics applications on health, environment and safety in terms of universal and social aspects and information about the problems of the era; awareness on the legal results of informatics solutions.
Acting in line with ethical principles, sense of professional and ethical responsibility; knowledge on the standards of engineering applications.

Weekly Course Subjects

1	Introduction time value of money relationships.
2	Analysis of how to calculate the cost of developing and producing products Determining time based cash flow equivalencies
3	Uneven payment series Stock and Bond Valuation
4	Equal payment series Comparing mutually exclusive and independent projects.
5	Compound amaount factor, present worth factor Calculation of break even points and payback periods
6	Sinking fund factor, capital recovery factor Determination of after tax cash flows, NPV and IRR
7	Sinking fund factor, capital recovery factor Determination of after tax cash flows, NPV and IRR
8	Midterm Exam
9	Gradient linear increasing payment series
10	Gradient linear decreasing payment series
11	Geometric Gradient payment series
12	Risk and uncertainty. projects
13	projects Evaluation
14	projects Evaluation

Resources

1-Notes provided by me
2-Text: Engineering Economic Analysis, Newnan, Eschenbach, Lavelle. Oxford.

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Lesson Information

Purpose and Content

Learning Outcomes

Weekly Course Subjects

Resources

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