EGR310 Engineering Economics
Lead Faculty: Dr. Shekar Viswanathan
Economic Analysis for decision making with emphasis on rate of return, net present value, benefit-cost and multi-objective evaluation methods. Cost estimation and alternative analysis.
- Understand major principles of economic analysis for decision making among alternative courses of action in engineering.
- Apply cost estimation and alternative analysis techniques for engineering applications.
- Demonstrate knowledge of cost estimation techniques and probabilistic risk analysis.
- Understand techniques and methods of sensitivity analysis and expected-value decisions.