Information Package / Course Catalogue
| Course Code | : EE405 |
| Course Type | : Required |
| Couse Group | : First Cycle (Bachelor's Degree) |
| Education Language | : English |
| Work Placement | : N/A |
| Theory | : 3 |
| Prt. | : 0 |
| Credit | : 3 |
| Lab | : 0 |
| ECTS | : 3 |
This course is designed to enhance the student’s knowledge of and ability on the following fields: 1. Identification, formulating and solving engineering problems in economical aspects. 2. comprehension of time-money relationships, cash flow diagrams, and effects of inflation. 3. comprehension of Present worth (PW) method, annual worth (AW) method, rate of return (ROR) method, benefit/cost ratio (B/C) method, and incremental rate of return analysis. 4. Comprehension of depreciation schedules, replacement analysis, decision process. 5. Being able to apply the fundamental Engineering economy principles to the real engineering problems by studying various case studies.
Evaluation of the economic benefits and costs of projects involving engineering design and analysis systematically, time value of money, nominal and effective interest rates, economic decision-making processes in an environment of limited resources and uncertainty, the economy of multi-year projects, selection among competing alternatives, benefit/cost analyses, rate of return concepts, COC and MARR concepts, breakeven and payback analyses, effect of inflation, cases studies regarding real engineeing problems
| Res. Assist. Önem YILDIZ |
| 1. | To be able to comprehend the basic concepts of engineering economy and be able to apply the methods on decision making process among alternatives. |
| 2. | To be able to comprehend and apply the time value of money and calculation methods of its equivalence in different (shifted) times, to be able to make benefit/cost analyses. |
| 3. | To be able to derive and use various engineering economy factors and parameters. |
| 4. | To be able to evaluate investment opportunities and compare between alternatives using single and combined engineering economy factors. |
| 5. | To be able to perform breakeven analysis, payback analysis and sensitivity analysis under uncertainty conditions. |
| 6. | To be able to utilize spreadsheet functions and economy functions of the MS Excell software to perform economic calculations. |
| 7. | To be able to apply the fundamental methods of Engineering economy to the real engineering problems. |
| 1. | ‘Engineering Economy’ – 7th Edition, Authors: Leland T. Blank & Anthony J. Tarquin. McGraw-Hill – ISBN: 0073376301 |
| 2. | W.G. Sullivan, E.M Wicks, C.P. Koelling, Engineering Economy, Global Edition, 16/E, ISBN-13: 9781292019499 |
| 3. | ‘Basics of Engineering Economy’, Anthony J. Tarquin. McGraw-Hill, ISBN 978–0–07–340129–4 ISBN 0–07–340129–3 (hard copy : alk. paper) |
| 4. | Lecture Notes |
| Type of Assessment | Count | Percent |
|---|---|---|
| Midterm Examination | 1 | %40 |
| Final Examination | 1 | %60 |
| Activities | Count | Preparation | Time | Total Work Load (hours) |
|---|---|---|---|---|
| Lecture - Theory | 14 | 0 | 3 | 42 |
| Individual Work | 14 | 0 | 1 | 14 |
| Midterm Examination | 1 | 7 | 2 | 9 |
| Final Examination | 1 | 9 | 2 | 11 |
| TOTAL WORKLOAD (hours) | 76 | |||
PÇ-1 | PÇ-2 | PÇ-3 | PÇ-4 | PÇ-5 | PÇ-6 | PÇ-7 | PÇ-8 | PÇ-9 | PÇ-10 | PÇ-11 | |
OÇ-1 | 3 | 4 | 3 | 4 | 5 | 4 | 5 | 4 | 4 | 4 | 4 |
OÇ-2 | 4 | 4 | 4 | 3 | 4 | 3 | 4 | 4 | 4 | 3 | 3 |
OÇ-3 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 4 | 5 | 4 |
OÇ-4 | 3 | 3 | 4 | 3 | 4 | 3 | 4 | 3 | 3 | 4 | 4 |
OÇ-5 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
OÇ-6 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 3 | 3 | 3 |
OÇ-7 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 3 | 3 | 3 |