ECN 801 Lecture Notes - Lecture 1: Academic Dishonesty, Discounted Cash Flow, Engineering Economics
12 Jan 2016
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Document Summary
Engineering economics is concerned with the problem of investment decision making or capital expenditure analysis. An investment problem involves making a decision to allocate financial resources to acquire productive assets that will generate cash flows in future time periods. Engineering economics seeks to develop and apply a logically consistent methodology for evaluating investment projects. Discounted cash flow methods are used in analyzing such projects. In this course we will assume certain cash flows and ignore taxation implications. After developing the mathematics of cash flow equivalence, absolute and relative measures of project worth will be developed and applied to individual and multiple projects. The emphasis will be on private project decisions, but similar methods will be applied to public sector projects. Course materials newnan et al, engineering economic analysis third canadian edition, Course evaluation midterm worth 30% and the final worth 70% Topic 2 time value of money and economic. Topic 9 economic analysis in the public sector.
