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: bacel.maddah@aub.edu.lb.
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
Dr. Maddah
ENMG 400 Engineering Economy
08/02/09
Introduction to Accounting and Setting the MARR1
What is accounting?
Accounting is the act of gathering and reporting the financial
history of an organization (company).
This requires a continuous process
Dr. Maddah
ENMG 400 Engineering Economy
07/20/09
Chapter 7 Rate of Return Analysis: Single Alternative
Introduction
The rate of return (ROR) for an investment involving one
single payment P and returning F after 1 year
ROR = i* = F / P 1 .
Alternatively,
Dr. Maddah
ENMG 400 Engineering Economy
08/05/09
Chapter 18 Sensitivity Analysis and
Expected Value Decisions
Sensitivity analysis
Engineering economy estimates of parameters such as costs
and other cash flow are only an approximation of reality.
The rea
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
Dr. Maddah
ENMG 400 Engineering Economy
07/29/09
Chapter 11 Replacement and Retention Decisions
Reasons for replacing an asset
Reduced Performance
o Wear and tear
o Decreasing reliability and productivity
o Increasing operating and maintenance costs
Alte
Dr. Maddah
ENMG 400 Engineering Economy
08/02/09
Chapter 12 Selection from independent projects
under budget limitation
Basic problem (capital budgeting problem)
An investor can choose from a set S of n independent
projects.
At year 0, the investor has o
Dr. Maddah
ENMG 400 Engineering Economy
08/02/09
Chapter 14 Effects of Inflation
Definition
Inflation is an increase (over time) in the amount of money
necessary to buy goods.
For example,
o The price of 1 McDonalds Big Mac was $2.14 in 08/03.
o The pric