Academic Catalog


Course Code: 5680440
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: Prof.Dr. SERHAN DURAN
Offered Semester: Fall or Spring Semesters.

Course Content

Modeling economic factors bearing on design and decision-making. Basic time value models. Methods of evaluating alternatives. The effect of taxes and depreciation on investment decisions. The impact of inflation. Measuring costs in industry. Analysis of public projects. Risk and sensitivity analysis in engineering economic analysis. (Offered to non-IE students only).