ENCE 3520 - Engineering Economy

(3) Credit Hours

Economic decision making for engineering systems. Choice of alternatives by equivalent annual cost, rate-of-return, present worth, and benefit-cost methods. Tax influences, statistical decision making, replacement policy. Fall, Spring and Summer semesters. Lecture 3 hours. Prerequisites: ENCE 2220 with a minimum grade of C or MGT 2130 and MATH 1910 or MATH 1950 with minimum grades of C or department head approval. Differential course fee will be assessed.