ETM 535/635
Advanced Engineering Economics
Instructor:
Dryden, B.
Location: PSU
Time: Fri, 17:30-21:10
Economic evaluation of engineering and R&D
projects is covered from the engineering management
viewpoint. Time value of money, tax considerations, break-even analysis, sensitivity analysis, project evaluations under uncertainty, risk sharing, capital budgeting, financial ratios, and cost estimating techniques are studied. A business simulation game is used throughout the course to gain a better understanding of financial decision making.
Prerequisite:
Linear algebra, probability/statistics.
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