ENGM 5580 - Advanced Engineering Economy

(3) Credit Hours

The design and analysis of financial strategies in a technical environment. Emphasis is on the application of these strategies in competitive industry. Core topics include review and application of basic engineering economy concepts, mathematical techniques and models, treatment of risk and uncertainties, cost of capital, demand and price elasticity as it applies to capital investment decisions, financial statements, financial ratio analysis, taxes and inflation, capital budgeting, and financial planning. Special topics include ethics and legal perspectives. Background in undergraduate engineering economy or equivalent. Knowledge of time value of money, benefit-cost methods, tax influences, and statistical decision making.Prerequisites: department head approval. Differential Course Fee will be assessed.