Time value of money; discounted cash flow analysis; break-even analysis; evaluation of alternative capital investment proposals considering depreciation, inflation, taxes; make or buy analysis; replacement analysis; bonds, stocks, and options; decision making under certainty and risk.
Decision Economics (IE 303)
2021 Spring
Faculty of Engineering and Natural Sciences
Industrial Engineering(IE)
3
6.00 / 6.00 ECTS (for students admitted in the 2013-14 Academic Year or following years)
Bülent Sezen bsezen@sabanciuniv.edu,
Click here to view.
English
Undergraduate
--
Formal lecture,Recitation
Communicative,Discussion based learning
Click
here
to view.
| Programs\Type | Required | Core Elective | Area Elective |
| BA- Political Science | |||
| BA-Cultural Studies | |||
| BA-Cultural Studies | |||
| BA-Economics | |||
| BA-Economics | |||
| BA-International Studies | |||
| BA-International Studies | |||
| BA-Management | |||
| BA-Management | |||
| BA-Political Sci.&Inter.Relat. | |||
| BA-Political Sci.&Inter.Relat. | |||
| BA-Social & Political Sciences | |||
| BA-Visual Arts&Visual Com.Des. | |||
| BA-Visual Arts&Visual Com.Des. | |||
| BS-Biological Sci.&Bioeng. | |||
| BS-Computer Science & Eng. | |||
| BS-Computer Science & Eng. | |||
| BS-Electronics Engineering | |||
| BS-Electronics Engineering | |||
| BS-Industrial Engineering | * | ||
| BS-Manufacturing Systems Eng. | * | ||
| BS-Materials Sci. & Nano Eng. | * | ||
| BS-Materials Science & Eng. | * | ||
| BS-Mechatronics | * | ||
| BS-Mechatronics | * | ||
| BS-Microelectronics | |||
| BS-Molecular Bio.Gen.&Bioeng | |||
| BS-Telecommunications | * | ||
| Energy | |||
| Entrepreneurship | * | ||
| Finance | * |
CONTENT
OBJECTIVE
To introduce students the basic principles to be used in analyzing the economic viability of an engineering project.
LEARNING OUTCOME
Apply equivalent worth methods and rate of return methods to determine the best alternative to carry out an engineering project;
Carry out interest computations and conversions;
Compute after tax cash flows;
Use spreadsheets to conduct engineering economic analysis;
Identify the relevance of engineering economics analysis in everyday life;
Appreciate the use of spreadsheets in engineering economic analysis;
Identify relevant problems that need engineering economic analysis;
Use the methods and concepts with real life data.
Update Date:
ASSESSMENT METHODS and CRITERIA
| Percentage (%) | |
| Final | 60 |
| Midterm | 40 |
RECOMENDED or REQUIRED READINGS
| Textbook |
Engineering Economy; William G. Sullivan, Elin M. Wicks, C. Patrick Koelling, Pearson, 15th Edition. |