Lesson plan / ENGINEERING ECONOMICS

Lesson Information

Course Credit 3.0
Course ECTS Credit 4.0
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 Compulsory
Mode of Delivery Face-to-face
Does the course require compulsory or optional work experience? Z
Course Coordinator Prof. Dr. MUSTAFA NAFİZ DURU
Instructor (s) Assist. Prof. Dr. SEMİH YÖN
Course Assistant

Purpose and Content

The aim of the course This course intends to introduce to the process of integrating engineering proposals with economic analysis in order to select among several alternative projects; to understand and evaluate the models and methods used in decision making in the area of engineering economics.
Course Content Analysis of engineering decisions; principles and methodology of comparing decision alternatives

Weekly Course Subjects

1Introduction, Rational Decision Making
2Engineering Economics Decisions, Time dimension of money
3Money management, Cash flow diagrams
4Cash flow diagrams, Single payments
5Cash flow diagrams, Even and Uneven payments series
6Even and Uneven payments series
7Present worth calculations
8invesment Analysis
9Midterm exam
10Linear Gradient payment series
11Linear Gradient payment series
12Geometric Gradient payment series
13Projects analysis
14General review

Resources

1-Park, Chan S., Fundamentals of Engineering Economics ISE., Prentice Hall 2008.