| 102460 - Engineering Economics |
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Credit Hours2 Pre-requisite903101 Co-requisite_ Distribution2+0 |
| The students will be exposed to the concept of the time value of money and methods to utilize the cash flow in engineering projects. The course introduces students to the concepts of economic feasibility of engineering activities, interest rates, present, future, and annual worth analysis, rate of return, payback period, depreciation, replacement, economic life, benefits /costs analysis, economic risk analysis, and economic optimization. |
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