2013-2014 Undergraduate and Graduate Bulletin (with addenda) 
    
    Sep 20, 2018  
2013-2014 Undergraduate and Graduate Bulletin (with addenda) [ARCHIVED CATALOG]

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IE-GY 6003 Engineering Economics

3 Credits
Engineers are responsible for the design, development, deployment of products and projects and should evaluate alternatives when available.  Solutions run from the simple where the decisions are made quickly to detailed analysis of complex alternatives. Student will learn the necessary accounting terms, financial concepts, costing, investment analysis, time-value of money, equipment, and how material specifications are used in the investment decisions processes. Upon completion of the course, students will be able to quantity the alternatives used as part of the decision process in recommending what course of action to be taken.  The most economical choice may not be the recommended alternative based on other considerations i.e. political, past experience with suppliers, equipment standardization.



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