program self-study report - Lamar University Electrical Engineering

INEN 2273 - Engineering EconomicsFall, 2005 SemesterRequired of all engineering majors2006-2008 Catalog Data: INEN 2273: Engineering Economics. Credit 2. The time value of economicresources, engineering project investments analysis, effect of taxes on engineering project decisionsPrerequisites: ENGR-1301, MATH-2413.Prerequisites by Topic:software1. Algebra, 2. Differential Calculus, 3. Use of internet and spreadsheetTextbook: White, Agee, Pratt, Case, Principles of Engineering Economic Analysis, 4th ed., Wiley,1998, ISBN: 0-471-11027-2References: Blank and Tarquin, Engineering Economy, 6th ed., McGraw-Hill, 2005.Thuesen and Fabrycky, Engineering Economy, 9th ed., Prentice-Hall, 2001.Riggs et. al., Engineering Economics, 4th ed., McGraw- Hill, 1996.Grant, et. al., Principles of Engineering Economy, 8th ed., Wiley, 1990.Park, Contemporary Engineering Economics, 3rd ed., Addison Wesley, 2001.Newman, Donald G. et al , Engineering Economic Analysis, 9th ed., Engineering press,2004.Coordinator: Dr. Victor Zaloom, Professor and Chairman of Industrial Engineering.Objectives: Competence in making quantitative evaluations of engineering alternatives in terms ofworth and cost should be achieved by each student. The student's awareness of the economic problemsand choices confronting an industrial enterprise or other organization will be heightened.Topics (Two 50 minute lectures per week):1. The time value of money, interest and interest rates (all classes)2. Present value, Annual worth, Future worth, Rate of return (1 week)3. Comparison of alternatives (5 weeks)4. Replacement Analysis (1 week)5. Depreciation and taxes (3 weeks)6. Cost terminology, Breakeven analysis (1 week)7. Accounting principles, Cash flow (1 week)8. Test (2 weeks)Computer Usage: Use of spreadsheet software and specific function in MS Excel are discussed atappropriate times throughout the semester.Projects: Students are required to select a publicly held company and follow stock priceperformance of the company during the semester. They must produce an Excel or other spreadsheetsoftware table and graph of the daily high, low, and closing price for these company's stocks. A reportanalyzing the company selected must also be submitted at the end of the semester. Data and otherinformation for the company analysis is to be obtained from the internet, library and other sources.Outcomes Achieved: 1 (P), 5 (N), 7 (P), 10 (N)EE Program Self-Study Report-2006 91