Course: MSE 604. Engineering Economy and Financial Analysis (3)
Prerequisite: Consent of instructor. Evaluation of economic feasibility from an engineering perspective. Application of various methods of comparing alternatives on an economic basis. Implications of depreciation, inflation, currency exchange rates and taxation on the profitability of engineering projects. Reviewing the basics of cost estimation and accounting. Development of income statement, cash flow statement and balance sheet for engineering projects. Other applications in corporate financial decision making are briefly covered.