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Oct 05, 2024
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ENGR 345/3222 - Engineering Economy (3 cr.)
Prerequisites
Description Economic and cost concepts, the time value of money, single, multiple and series of cash flows, gradients, functional notation, nominal and effective interest rates, continuous compounding, rates of return. Computation and applications, economic feasibility of projects and worth of investments, comparison of alternatives. Replacement, deprecation and B.E. analysis. Introduction to risk analysis.
When Offered Offered in fall and spring.
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