MECH 410 - Engineering Economy Principles/Calculations

Prerequisite

MATH 161 (Calculus for Physical Scientists II).

Description

A student successfully completing this course will understand and be able to apply the principles of Engineering Economic analysis and to perform the Engineering Economic calculations required as a primary input to decision making in industry and government.

Topics include:

• cash flows,
• interest and the time value of money,
• equivalence,
• discrete and continuous compounding,
• norminal and effective interest rates,
• cash flow patterns and factors,
• inflation,
• taxes and depreciation,
• minimum attractive rate of return,
• single project decision rules,
• multiple alternatives,
• sunk costs, and
• economic lifetimes.

This course can be applied towards the:

• Engineering Management (M.E.)
• Engineering Management (M.S.)
• Industrial Engineering and Operations Research (M.E.)
• Industrial Engineering and Operations Research (M.S.)

Instructors

Dr. William Duff
bill@engr.colostate.edu

Professor William Duff earned his Ph.D. in Industrial Engineering from Stanford University. He is the Professor-in-Charge of the Industrial Engineering and Operations Research and Engineering Management graduate programs in the Mechanical Engineering Department at Colorado State University, and has over 40 years of experience in optimization, quality management, simulation, and other Industrial Engineering areas.