OES005 - ENGINEERING ECONOMICS
2-3 Semester Hours/3-4 Quarter Hours

Related TAGs: Industrial Engineering

Outcomes marked with an asterisk are essential and must be taught.

1. Develop an introductory understanding of economic decision making*
2.  Know how to perform cash flow analysis *
3.  Demonstrate the ability to form alternatives and derive valid cost and benefit estimations from available data*
4.  Demonstrate the ability to handle time-value-of-money equivalence conversions, including amounts before and after inflation*
5.  Know how to handle replacement and timing decisions, comparisons of alternatives having unequal economic lives, and effects of decision horizons*
6.  Know to perform after-tax analysis including depreciation schedules, and gain appreciation for the effects of taxes and inflation on engineering decisions*
7. Understand the impact of uncertainty on decision making and be able to perform risk analysis. *
8. Know how to do costing in engineering projects

Example Course: ISE 481-4 Engineering Economy at Wright State University