KMU 363
ENGINEERING ECONOMICS
Course Name:
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Engineering Economics
KMU 363
5th
Elective
English
3 hours/week
3
5
Course objective:
- To introduce the fundamental concepts of economic analysis for engineering and managerial decision making.
- To explain how these will affect the functioning of an engineering company and contribute to decision making in engineering operations.
Learning outcomes:
- Will be able to describe time value of money and economic equivalence
- Will be able to analyze engineering and managerial decision making problems
- Will be able to make informed financial decisions as a project evaluation team member or project manager
- Will be able to consider the effect of inflation on economic analysis
- Will be able to build critical decision making tools for making appropriate personal, private or public economic and financial decisions
Text-book:
- Chan S. Park , Fundamentals of Engineering Economics, 3rd Edition, Prentice Hall
References:
- John A. White,Kenneth E. Case,David B. Pratt, Principles of Engineering Economic Analysis, 5th Ed., John Wiley& Sons.Inc.
Grading:
Midterm Exams:
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Final Exam:
Total Percentage
40%
20%
40%
Hacettepe University
Department of Chemical Engineering