Academic Catalog


Course Code: 3880347
METU Credit (Theoretical-Laboratory hours/week): 3(3-0)
ECTS Credit: 5.0
Department: Industrial Engineering
Language of Instruction: English
Level of Study: Undergraduate
Course Coordinator:
Offered Semester: Fall Semesters.

Course Content

Economic analysis for engineering and managerial decision-making. Techniques for evaluating the worth of prospective projects, investment opportunities and design choices. Interest and time value of money, methods for evaluation of alternatives: present worth, annual equivalent worth, rate of return, benefit cost ratio method, and payback method. Replacement analysis, inflation and cost estimation. After tax economic analysis, and methods of financing. Sensitivity and risk analysis.