Duration
45h Th
Number of credits
| Executive Master in industrial Management (non organisé en 2017-2018) | 7 crédits |
Lecturer
Language(s) of instruction
English language
Units courses prerequisite and corequisite
Prerequisite or corequisite units are presented within each program
Learning unit contents
Main topics:
Introduction to Engineering Economics
Capital Budgeting
Term Project Presentation
1 Introduction to Engineering Economics
The role of Engineering Economics in the decision making process
What is Engineering Economics?
2 Capital Budgeting
Time value of money
+ Definition
+ Interest
+ Methods of calculating interest
+ Economic equivalence
+ Nominal and effective interest rate
Cash flows diagram
Factors of calculating economic equivalence
Homework
Tools for evaluating alternatives
+ Net present value method
+ Net annual value method
+ Internal rate of return method
+ Benefit – cost ratio method
+ Breakeven point analysis
Minimum attractive rate of return
Homework
Investment under risk / uncertainty
Term Project Presentation
3 Students will be asked to prepare their own project. They have to calculate NPV, IRR, BCR and Breakeven point of the project. Every student has to present his/her work in the class and answer questions from other students.
Learning outcomes of the learning unit
- Introduce the basic concepts of Engineering Economics and Analysis
- Introduce the fundamental quantitative analytical techniques for evaluating engineering projects
- Apply techniques for project analysis
Prerequisite knowledge and skills
Planned learning activities and teaching methods
Mode of delivery (face-to-face ; distance-learning)
Recommended or required readings
- Fundamentals of Engineering Economics – Chan S. Park – Pearson Education, Inc - 2004
- Basic of Engineering Economy – Leland Blank, P. E. and Anthony Tarquin, P. E – McGraw-Hill - 2008
Assessment methods and criteria
- Participation: 15%
- Assignment: 15%
- Midterm Exam: 15%
- Term project: 20%
- Final exam: 35%
Work placement(s)
Organizational remarks
...
Contacts
Tran Van Tan, Faculty of Construction Economics and Management,
National University of Civil Engineering, Room 308, A1 Building,
Email: tvtandhxd@gmail.com