Course Outline

EMGT 523 : Engineering Economic Analysis

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Last approved: Wed, 20 Jan 2016 13:51:21 GMT

Last edit: Wed, 20 Jan 2016 13:51:21 GMT

College of Business (WBUAD)
Engineering Economic Analysis
Optimizing financial performance is a key responsibility of the engineering manager. This course will present students the major concepts and techniques of engineering economic analysis needed in the decision making process. Concepts covered will include time value of money, discounted cash flows, break-even analysis, tax implications and analysis of single and multiple investments.Prerequisites: BUSW 500 or permission of Graduate Program Chair

This course will provide students with the skills to evaluate the economics of projects. Examples of engineering projects using the concepts from this class include but are not limited to equipment replacement analysis, planning a new product line, waste management and buying or leasing equipment.

Upon course completion, students will be able to:1. Determine the appropriate engineering economic analysis techniques to apply to a range of typical project scenarios.2. Solve various types of time value of money problems associated with engineering economic analysis and be able to interpret the results.3. Demonstrate the effects of depreciation, income taxes, inflation and price changes in engineering economic analysis problems.4. Apply analytical techniques such as present value, net present value, rate of return, benefit-cost ratio, sensitivity analysis, and break-even analysis.5. Model engineering economic analysis using excel or other appropriate software.

Located on the Daytona Beach Campus, the Jack R. Hunt Library is the primary library for all students of the Worldwide Campus. The Chief Academic Officer strongly recommends that every faculty member, where appropriate, require all students in his or her classes to access the Hunt Library or a comparable college-level local library for research. The results of this research can be used for class projects such as research papers, group discussion, or individual presentations. Students should feel comfortable with using the resources of the library. 

Web & Chat:
Text: (386) 968-8843
Library Phone:  (386) 226-7656 or (800) 678-9428


Written assignments must be formatted in accordance with the current edition of the Publication Manual of the American Psychological Association (APA) unless otherwise instructed in individual assignments.

ActivityPercent of Grade
Input Grading Item100

Undergraduate Grade Scale

90 - 100% A
80 - 89% B
70 - 79% C
60 - 69% D
0 - 60% F

Graduate Grade Scale

90 - 100% A
80 - 89% B
70 - 79% C
0 - 69% F
Ronald R. Mau, Ph.D. - 3/3/2015
Jim Marion, Ph.D. - 3/3/2015
Tom Henkel, Ph.D. - 3/3/2015
Dr. Bobby McMasters - 3/3/2015
1-4 Master of Science in Engineering Management 1. Understand and apply sound and appropriate business practices, policy, procedures, regulations, ethics, concepts and skills.
2. Apply effective research skills and techniques such as, problem identification, defining the research question(s), and determining methodology, to business projects.
3. Apply appropriate quantitative, economic, marketing, planning, accounting, and financial analysis to business problem solving and decision making.
4. Apply sound and appropriate communication skills and techniques in the presentation of business problems and projects.
Key: 282