Faculty of Engineering, Built Environment and Information Technology
Introduction to engineering economics: Basic guidelines, assessment of alternative investment possibilities. Equal annual cash flow, current value, internal rate of return, cost benefit relationship. Economic evaluation of projects: Influence of depreciation on the economics of projects, determination of income tax implications of decisions, economic analysis of multiple alternatives, the influence of inflation on the economics of projects, application of the theory of probability for economics studies, economic studies on the replacement of equipment.
2 lectures per week, 2 other contact sessions per week
Language of tuition
Module is presented in English
Period of presentation
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