EGG 243 Engineering Economics
3 Credit Hours • 45 Contact Hours (Lecture)
Introduces methods to analyze cost/benefit elements in technical operations and project proposals, and to compare alternatives, using time value of money concepts. Emphasis is on practical applications and techniques which can be applied to many facets of engineering and commerce, including design, development, production, construction operation, improvements and upgrades. Solutions include the use of graphical and numerical solution methods, interest tables and factors, use of manual calculations and spreadsheet methods.