MET 2422 — MET-2422 Fundamentals of Engineering Economics
Analysis of cost elements in engineering projects and operations. Topics include: comparison of project alternatives; selecting an alternative by applying Benefit/Cost Analysis, Present Worth Method, Annual Worth Method, and Internal Rate of Return; introduction to risk analysis, accounting fundamentals, financial statements, and capital financing and allocation. Ethical and social responsibilities as applied to engineering project decisions. Practical applications of cost concepts and the application towards the different phases of manufacturing or project implementation. Use of Microsoft Excel in performing analysis.
Part of
- Computer-Integrated Manufacturing (CIM), Certificate of Proficiency
- Construction Engineering Technology, Associate of Applied Science
- Construction Project Management, Certificate of Proficiency
- Machine Tools Operation, Certificate of Proficiency
- Manufacturing Industrial Engineering Technology, Associate of Applied Science
- Quality Control, Certificate of Proficiency