Course Description
Engineering and managerial decision making. The theory of interest and its uses. Equivalent annual costs, present worth, internal rates of return, and benefit/cost ratios. Accounting depreciation and its tax effects. Economic lot size and similar cost minimization models. Sensitivity analysis. Cost dichotomies: fixed vs. variable, and incremental vs. sunk, use of accounting data. Replacement theory and economic life. Engineering examples.
Type
Course is part of Maymester pilot
Summer I 3W 2025
Instructors
Meeting Patterns
Classes Start:
May 14, 2025
Classes End:
June 4, 2025
Room Number:
[TBA]
Class Days:
M T W H F
Class Start Time:
3:30pm
Class End Time:
6:30pm
Class Type:
Lecture
Credits:
3.00
Restrictions:
Prerequisite: Grade of C or better in MA 141
