Ed Turners case presents many ethical issues to be discussed.

Ed turner had a dilemma that many engineers have to face in their career. He had to
choose between obeying the orders of his superiors no matter what or following the
rules of conduct and eth
American University of Beirut
Faculty of Engineering and Architecture
Engineering Management Program
ENMG 400 Engineering Economy
Summer 2014, CRN 30047, MonThu 11:00 AM  12:00 PM
Instructor
Dr. Bacel Maddah
Oce: FS1 411
Email: [email protected]
An (s, S) Inventory Simulation (Model 54)
Singleitem (widgets), managed by (s, S) Policy
s = 20, S = 40, Initial Inventory = 60.
Starting Net Inventory of day t, I(t), is reviewed
If I(t) < s, place an order to bring I(t) up to S
An order incurs a $32
Chapter 3: Combining Factors
and Spreadsheet Functions
Engineering Economy
ENMG 400
AlQaisi Slides
1
Shifted Uniform Series
When a uniform series begins at a time other than at the end
of period 1, it is called a shifted series.
The present worth (PW)
Chapter 8 Rate of Return
Analysis: Multiple Alternatives
Engineering Economy
ENMG 400
AlQaisi Slides
1
Mutually Exclusive Alternatives
To compare more than one alternative, you cannot rely on
comparing the ROR of each alternative directly
ROR is relati
Chapter 6: Annual Worth
Analysis
Engineering Economy
ENMG 400
AlQaisi Slides
1
Introduction
Annual worth (AW) analysis is a variance of the present worth
analysis discussed in Chapter 5.
AW is also referred to as:
Equivalent annual worth (EAW),
Equival
Chapter 7: Rate of Return Analysis
Single Alternative
Engineering Economy
ENMG 400
AlQaisi Slides
1
Rate of Return (ROR)
Although ROR analysis is more difficult to compute and apply,
many engineers and financial managers prefer this analysis.
The previ
Chapter 9: Benefit/Cost Analysis and
Public Sector Economics
Engineering Economy
ENMG 400
AlQaisi Slides
1
Introduction
Examples in previous chapters were concerning the private
sector (Notable exceptions are the longlife alternatives).
The evaluation
Chapter 5: Present Worth
Analysis
Engineering Economy
ENMG 400
AlQaisi Slides
1
Introduction
Up to this point, present worth computations have been
made for one project or alternative.
This chapter will introduce comparing two or more mutually
exclusiv
Chapter 4: Nominal and Effective
Interest Rates
Engineering Economy
ENMG 400
AlQaisi Slides
1
Introduction
Thus far, interest rate has been a constant, annual value.
In practice, interest rate is compounded more frequently:
Semiannually, quarterly, mo
American University of Beirut
Faculty of Engineering and Architecture
Department of Industrial Engineering and Management
INDE 301 (Sect. 1) Engineering Economy
Spring 2016, Bechtel 211, 8:00 am 9:30 am (T Th)
Instructor
Dr. Saif AlQaisi
Email: [email protected]
Marcel Prince 200800295
A paradox is a group of statements that leads to a contradiction or a situation which defies
intuition. It can be used to describe situations that are ironic or merely surprising.
The Sorites paradoxes (also known as the paradoxes
Marcel Prince
200800295
Descartes definition of ethics:
Ethics is the science of the end of man which is virtue and happiness, and this end must be
determined by reason through the knowledge of God, of the soul, because the soul makes clear to
us our supe
Dr. Maddah
ENMG 400 Engineering Economy
06/24/09
Chapter 2 Factors: How time and interest affect money
Single Payment Factors
Recall that P dollars now are equivalent to F dollars after n
time periods at an interest rate of i per time period1, where
F =
Dr. Maddah
ENMG 400 Engineering Economy
07/13/09
Chapter 6 Annual Worth Analysis
Introduction
Annual worth (AW) analysis is a variance of the present
worth analysis discussed in Chapter 5.
However, AW analysis has many advantages that makes it
the prefer
Dr. Maddah
ENMG 400 Engineering Economy
07/20/09
Chapter 8 Rate of Return Analysis: Multiple Alternatives
Why incremental analysis is necessary
Comparing ROR values of two or more alternatives will not
give the best alternative.
This is so because an alt
Dr. Maddah
ENMG 400 Engineering Economy
07/06/09
Chapter 5 Present Worth (Value) Analysis
Introduction
Given a set of feasible alternatives, engineering economy
attempts to identify the best (most viable) alternative(s)
from an economic perspective.
Econ
Dr. Maddah
ENMG 400 Engineering Economy
06/24/09
Chapter 1 Foundations of Engineering Economy
What is Engineering Economy?
It involves estimating, formulating and evaluating the
financial outcomes of alternatives
It is a collection of mathematical techni
Dr. Maddah
ENMG 400 Engineering Economy
07/05/10
Chapter 4 Nominal and Effective Interest Rates
Example
You placed $100 in a saving account for one year at an
interest rate of 1% per month.
Calculate the amount of interest and annual interest rate.
o F =
Dr. Maddah
ENMG 400 Engineering Economy
07/22/09
Chapter 9 Benefit/Cost Analysis and
Public Sector Economics
Public sector projects
Public sector projects have a primary purpose to provide
services for the public good at no profit.
Examples include hospi