GNE 552 - Engineering Economics and Valuation

3 Unit(s)


Economics of business settings, costing of production systems. Objectives of cost analysis and control. Sources of finance, money and credit for projects. Investment Appraisals. Resource Allocation. Interest rates. Interest formulas and problems. Annual costs. Present worth, rates of return. Cost-reducing. Depreciation accounting. Valuation of assets. Financial management; accounting methods, financial statement, elements of costing. Budget and budgeting control. Dwelling with multiple alternatives, uncertainties, planning, and Decision-making procedures. Macroeconomics, Economic growth, National Income. Economic of technological change. Economic analysis of engineering projects; value systems economic decisions on capital investments and choice of engineering alternatives; new projects, replacement and abandonment policies, risky decisions; corporate financial practices. Analysis of tender and project feasibility valuation.