Syllabus - Engineering Economy ISE 2014 Fall 2011 Virginia...

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Engineering Economy – ISE 2014 – Fall 2011 – Virginia Tech CRN 93828: 10:10am – 11:00am MWF – Whittemore 300 CRN 93829: 8:00am – 8:50am MWF – Whittemore 300 Instructor Kevin Grove kgrove@vt.edu Office: 123 Durham Hall Office hours: Monday 12:15-2:00 Wednesdays 1:00-3:00 Coursework Graduate TAs Office: 211 Durham Hall Office Hours 1. Rico Bumbaca (rbumbaca@vt.edu) Mondays 11:15-12:15 Tuesdays 3:30-5:30 1. Jung Yong Kim 2. Kyunghui Oh 3. Nevin Mutlu 4. Heather Keathley Course Description This course deals with the evaluation of various types of necessary economic tradeoffs made during the design and operation of engineering systems. Upon completion of this course, you will be able to perform profitability analyses of proposed engineering designs. (Prerequisite: ENGE 1024) Course Objectives Having successfully completed this course, the student will be able to Perform equivalence calculations involving the present worth, annual worth, and Internal rate of return metrics of project profitability, Calculate effective interest rates, Compare mutually exclusive investment alternatives, and Evaluate the effect of depreciation and taxes on cash flows. Textbook Sullivan, W., E. Wicks, and C. Koelling (2011). Engineering Economy , (15 th edition), Pearson/Prentice-Hall. This text is required for the class, and be careful of international versions which have different numbers for end of chapter problems. Always read assigned text material before coming to class! Additional Material Ferguson, Niall (2007). The Ascent of Money: A Financial History of the World, The Penguin Press HC. This book is NOT required for class, is not being stocked at the book store, and I don’t expect anyone to purchase it. I will use material from this book to give a historical perspective when introducing some topics in this course. The material of this book is NOT included in any homework. Any material based on this book used on exams will come directly from presentation slides. However, if you find this course’s material interesting it is an excellent “biography” of financial tools throughout history. Home Page This course will use Scholar to manage course materials and grades. This site contains lecture slides for this class, homework assignments, Microsoft Excel tutorial videos and any other relevant materials.
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Syllabus - Engineering Economy ISE 2014 Fall 2011 Virginia...

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