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EIN4354_handbook_001-1 - General Course Handbook About...

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General Course Handbook About Course Description This course is designed to teach the basic principles of engineering economics and the techniques and practices utilized in the area of capital investment analysis to evaluate proposed solutions to engineering problems in a decision-making context. Course Goals Upon completion of this course, students will: understand the meaning of the “time value of money”, inflation, deflation, exchange rates, and interest and their application to economic analysis understand and apply the steps of the economic decision-making process, including defining a problem, generating solution alternatives, estimating cash flows, analysis, selection, implementation and post-implementation analysis, be able to financially describe investment alternatives with cash flows and cash flow diagrams be able to estimate before tax cash flows and convert them into after-tax cash flows under the assumption of current U.S. tax law understand the concept of economic equivalence for the basis of comparing mutually exclusive alternatives be able to analyze cash flows diagrams, including finding the present worth, annual equivalent, future worth, internal rate of return, payback period, payback period with interest, and project balance be able to analyze a set of mutually exclusive alternatives, even if they have unequal lives, and identify viable alternatives understand the uncertainty inherent in cash flow analysis and be able to recognize its impact through the use of sensitivity analysis be able to understand risk and analyze risky projects with the use of probability theory, simulation and decision trees be able to evaluate multiple alternatives under constraints and with multiple attributes be able to solve common equipment replacement and economic life problems understand a government’s or municipality’s role in investment analysis and be able to apply benefit-cost analysis in these situations appreciate the difficulty with making a capital investment decision and understand the risk involved with such a decision Teaching methods In order to be successful in this course all students must participate fully in the activities listed below. View Mediasite lectures View video tutorials
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Read the text Take the self tests and surveys Collaborate with class partners through Skype, Elluminate or in person Take quizzes and assessments Make meaningful contributions to the weekly discussions through the discussion board Do the four projects and the final project The Honor Code As a result of completing the registration form at the University of Florida, every student has signed the following statement: “I understand that the University of Florida expects its students to be honest in all their academic work. I agree to this commitment to academic honesty and understand that my failure to comply with this commitment may result in disciplinary action up to and including expulsion from the University.”
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