ETSC 526 - Engineering Project Cost Analysis

Description:
Techniques of economic cost analysis and modeling applied to engineering projects. Similar to ETSC 301. Credit for both granted only by department chair. Formerly IET 526, students may not receive credit for both.

Credits:
(4)

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

Describe the criteria for making economic based decisions.
Apply cash flow analysis problem solving techniques such as: net present worth, future worth, equivalent uniform annual worth and arithmetic gradient.
Understand and calculate nominal and effective interest rates w.r.t. loans, and other economic factors.
Understand and apply present worth analysis techniques.
Implement annual cash flow analysis.
Calculate minimum life cycle cost tradeoffs between initial costs, salvage value and repair costs.
Apply rate of return (ROR) analysis to determine the internal rate of return (i *) and compare it to the minimum attractive rate of return (MARR).
Apply and calculate problems relating to: incremental rate of return analysis, Future worth, benefit-cost ratio analysis, payback period, sensitivity and breakeven analysis.
Understand how to gather information relating to different stocks and the stock market or determine the costs of purchasing a home.

Anticipated Course Offering Terms and Locations: