ENGR 5366 - Advanced Engineering Economy

Catalog Information: 1998-2000	ENGR 5366: Advanced Engineering Economy. Special economic analyses based on risk, uncertainty and other probabilistic considerations. Bayesian attacks, influence of perfect information, competitive decisions and decisions under pressure.
Text Book:	Canada, Sullivan and White, Capital Investment Analysis for Engineering and Management, Prentice Hall, 2nd edition, 1996.
Reference:	Park, Advanced Engineering Economics, John Wiley and Sons, 1990.
Coordinator:	Dr. Hsing-Wei Chu, Professor, Dept. of Industrial Engineering.
Goals:	Upon completion of the course, the student should be able to use capital project evaluation techniques including risk and uncertainty in capital investment analysis.

ENGR 5366 Spring 2004 Syllabus

Topics:

1. Cost Concepts (1week)

2. Time Value of Money (1week)

3. Equivalent Worth Methods for Comparing Alternatives (1week)

4. Rate of Return Methods of Comparing Alternatives (1week)

5. Estimating for Economic Analysis (1week)

6. Depreciation and Taxes (1week)

7. Replacement Analysis (1week)

8. Capital Planning and Budgeting (1week)

9. Risk and Uncertainty (1week)

10. Sensitivity Analysis (1week)

11. Analytical Approach to Risk Analysis (1week)

12. Simulation Approach to Risk Analysis (1week)

13. Decision Criteria and Methods for Risk and Uncertainty (1week)

14. Decision Tree Analysis (1week)

15. Statistical Decision Techniques (1week)