IE 204 - Engineering Economics

Prerequisites: M 117, and CS 107 or equivalent. A quantitative analysis of applied economics in engineering design; the economy study for comparing alternatives; interest formulae; quantitative methods of comparing alternatives; intangible considerations; selection and replacement economy for machines and structures; break-even and minimum cost points; depreciation; effect of income taxes on the economy study; review of current industrial practices. Promotes logical decisions through the consideration of alternative courses of action. 3 credits