ECET 2000 Engineering Economics and Management

This course will introduce applications of the mathematics of finance used in engineering decision making by using criteria employed in selecting the best alternative; making short-term and long-term decisions; determining which engineering projects should have a higher priority; comparing different ways to finance purchases and projects; quantitatively assessing the costs of completing capital projects; using appropriate computer software to analyze and model project cash flows; modeling project schedules; using probability analysis to estimate project durations; and presenting findings to management personnel.