Description
The main aim of this course is to make the students acquainted with rational meaningful approaches to evaluating economically different (alternatives) investment opportunities while accomplishing given objectives. The course will also provide the students with the required tools and techniques to consider economic and non-economic factors in evaluating a wide range of industrial and business applications.
Lab and Tutorials:
The course requires practice and problem-solving training during tutorials.
Literature:
• Fraser, N. M., Jewkes, E. M., Bernhardt I. & Tajima, M., Global Engineering Economics: Financial Decision Making for Engineers, 4th Edition, Pearson Education, 2009. • Chan S. Park, Fundamentals of Engineering Economics, 3rd Edition, Pearson Education, ISBN 13:978-0273772910
