ETSC 301 - Engineering Project Cost Analysis

Description:
Techniques of economic cost analysis applied to engineering projects: interest, present value, annual equivalence, rate of return, payout criteria, and break even modeling. Formerly IET 301, students may not receive credit for both. Four hours of lecture per week. Course will be offered every year (Fall, Winter, Spring and Summer).

Prerequisites:
Prerequisite: MATH 153 or permission of instructor.

Credits: (4)

Learner Outcomes:
Upon successful completion of this course, the student will be able to:

Analyze economic engineering project decisions using present worth analysis techniques.
Use Excel to present data and graphing alternatives.
Evaluate project alternatives, which are mutually exclusive, using incremental analysis methods to determine the best economic option.
Examine engineering alternatives based on sensitivity and breakeven analysis.
Evaluate equipment replacement and repair alternatives based on cost data and the economic factors of personnel and clean and green alternatives.