SYEN 3301 - Engineering Economy

Three hours lecture. Three credit hours.

Introduction to engineering economic decisions for evaluating the worth of products, services, projects and systems; time value of money, economic equivalence concepts, comparison of investment alternatives, evaluating economic life and replacement analysis, inflation, depreciation and impact of taxes on engineering decisions, and economic risk analysis. Cross listed as CNMG 3302.

Prerequisites: MATH 1342, MATH 1342 or MATH 1451, or consent of instructor.