Information Package / Course Catalogue
| Course Code | : MCE571 |
| Course Type | : Area Elective |
| Couse Group | : Second Cycle (Master's Degree) |
| Education Language | : English |
| Work Placement | : N/A |
| Theory | : 3 |
| Prt. | : 0 |
| Credit | : 3 |
| Lab | : 0 |
| ECTS | : 6 |
This course is designed to enhance the student’s knowledge of and ability to apply: 1. Identification, formulating and solving engineering problems. 2. Time-money relationships, cash flow, and effects of inflation. 3. 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. Depreciation schedules, replacement analysis, and after-tax analysis. 5. Engineering economy principles in conjunction with the Fundamentals of Professional Engineering Examination and Registration Process.
The systematic evaluation of the economic benefits and costs of projects involving engineering design and analysis. Economic decision-making in an environment of limited resources and uncertainty. Present economy, the economy of multi-year projects, selection among competing alternatives, sensitivity of outcomes to input parameters, before- and after-tax analysis, replacement economy, inflation, and estimation of future events.
| 1. | Apply the basic concepts of engineering economy as part of a decision-making process |
| 2. | Derive and use the different engineering economy factors |
| 3. | Evaluate investment opportunities and compare between alternatives using single and combined engineering economy factors |
| 4. | Perform a replacement study considering inflation and indirect cost allocation |
| 5. | Use depreciation and depletion models |
| 6. | Perform breakeven analysis and sensitivity analysis under uncertainty conditions |
| 1. | W.G. Sullivan, E.M Wicks, C.P. Koelling, Engineering Economy, Global Edition, 16/E, ISBN-13: 9781292019499 |
| 2. | Engineering Economy’ – 7th Edition Authors: Leland T. Blank & Anthony J. Tarquin. McGraw-Hill - ISBN 0073376301 |
| 3. | ‘Basics of Engineering Economy’, Anthony J. Tarquin. McGraw-Hill – ISBN 978–0–07–340129–4 ISBN 0–07–340129–3 |
| 4. | ‘Engineering Economy Analysis’, Newman, Lavelle And Eschenbach, Engineering Press (8th edition). |
| 5. | ‘Fundamentals of Engineering Economics’, Park, Pearson Prentice Hall, (2nd edition) |
| Type of Assessment | Count | Percent |
|---|---|---|
| Term Assignment | 1 | %40 |
| Quiz | 1 | %10 |
| Midterm Examination | 1 | %25 |
| Final Examination | 1 | %25 |
| Activities | Count | Preparation | Time | Total Work Load (hours) |
|---|---|---|---|---|
| Lecture - Theory | 14 | 2 | 3 | 70 |
| Term Project | 1 | 22 | 7 | 29 |
| Midterm Examination | 1 | 20 | 2 | 22 |
| Final Examination | 1 | 30 | 2 | 32 |
| TOTAL WORKLOAD (hours) | 153 | |||
PÇ-1 | PÇ-2 | PÇ-3 | PÇ-4 | PÇ-5 | PÇ-6 | PÇ-7 | PÇ-8 | PÇ-9 | PÇ-10 | PÇ-11 | PÇ-12 | PÇ-13 | |
OÇ-1 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 5 | 4 | 5 | 4 | 5 | 4 |
OÇ-2 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 5 | 4 | 5 | 4 |
OÇ-3 | 4 | 5 | 4 | 5 | 4 | 5 | 5 | 4 | 5 | 4 | 5 | 5 | 4 |
OÇ-4 | 5 | 4 | 5 | 4 | 5 | 5 | 4 | 5 | 5 | 4 | 5 | 4 | 5 |
OÇ-5 | 4 | 5 | 4 | 5 | 5 | 4 | 5 | 5 | 4 | 4 | 5 | 5 | 4 |
OÇ-6 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 5 | 5 | 4 | 5 | 4 | 5 |