Engineering Economy and Decision Making
General
Prefix
EM
Course Number
652
Course Level
Graduate
Department/Unit(s)
College/School
College of Science and Engineering
Description
Decision making among mutually exclusive projects, time value of money, internal rate of return analysis, constrained project selection, replacement analysis, depreciation, cost benefit analysis of engineering projects, effect of income taxes on engineering project analysis, decisions under risk and uncertainty, sensitivity analysis.
Credits
Min
3
Max
3
Repeatable
No
Goals and Diversity
MN Goal Course
No
Cultural Diversity
No
Learning Outcomes
Outcome
Evaluate constrained projects and mutually exclusive alternatives.
Outcome
Analyze engineering decision-making options using internal rate of return and incremental analysis methods.
Outcome
Use probability and uncertainty principles to select an appropriate economic project.
Outcome
Assess decisions using sensitivity analysis and replacement analysis methods.
Course Outline
Course Outline
Dependencies
Programs
EM652
is a
completion requirement
for: