This course is designed to help analysts make rational decisions when faced with allocating resources and managing tradeoffs in a resource-constrained setting with an economic point of view. The ability to make informed decisions resting on an objective analysis of alternatives is a part of nearly every professional career. The concepts developed in the course are broadly applicable to decision making in many professional and personal settings, including purchasing, evaluating different personal or commercial investment options, and balancing environmental and social costs against economic costs. Course topics include the concepts of the time value of money and discounted cash flow, decision making in the face of uncertainty, evaluation of single and mutually exclusive alternative projects and products utilizing economic worth, internal rate of return, depreciation and income-tax analysis.
Course Prerequisite(s)
Multivariate calculus and introductory graduate-level statistics (e.g., EN.625.603). An introductory course in optimization (e.g., EN.625.615) is also recommend but not required.
Course Offerings
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Open
Engineering Economics
09/01/2026 - 12/11/2026
Tues 4:30 p.m. - 7:10 p.m. |