Industrial Engineering
IE 4512: Engineering Economy
Lecture - 4 credits
ND
EI
IC
FQ
SI
AD
DD
ER
WF
WD
WI
EX
CE
- Introduces students to economic modeling and analysis techniques for selecting alternatives from potential solutions to an engineering problem.
- Presents basic methods of economic comparison such as present worth, annual worth, rate of return, and benefit/cost techniques.
- Studies effects of taxes on investment analysis.
- Also covers decision tree analysis and statistical decision techniques.
Introduces students to economic modeling and analysis techniques for selecting alternatives from potential solutions to an engineering problem. Show more.