Economic evaluation and justification of engineering projects and investment proposals. Cost estimation; financial and cost accounting; depreciation; inflation; equity, bond and loan financing; after tax cash flow; measures of economic merit in the private and public sectors; sensitivity and risk analysis; single and multi-attribute decisions. Introduction to micro-economic. Applications: retirement and replacement analysis; make-buy and buy-lease decisions; economic life of assets; capital budgeting; selection from alternative engineering proposals; production planning; investment selection.
Fixed Credit Value: