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Ayman OUTLINE Engineering Economy

This document provides an outline for the Engineering Economy course at the Islamic University of Gaza. The course aims to teach students fundamentals of engineering economics and decision making. Topics covered include equivalence, present worth analysis, rate of return analysis, and linear programming. Assessment includes a midterm, final exam, homework, and quizzes. The textbook is Engineering Economic Analysis by D.G. Newman and references include additional books on engineering economy and systems analysis.

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Edward Smith
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144 views

Ayman OUTLINE Engineering Economy

This document provides an outline for the Engineering Economy course at the Islamic University of Gaza. The course aims to teach students fundamentals of engineering economics and decision making. Topics covered include equivalence, present worth analysis, rate of return analysis, and linear programming. Assessment includes a midterm, final exam, homework, and quizzes. The textbook is Engineering Economic Analysis by D.G. Newman and references include additional books on engineering economy and systems analysis.

Uploaded by

Edward Smith
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Islamic University of Gaza College of Engineering

Engineering Economy ECIV 5245


First Term - 2010

Course Outline
__________________________________________________________________ Instructor: Dr. Ramadan Alkhatib Course Description Fundamentals and application of engineering economic principles to civil engineering problems. Evaluation of alternatives. Value engineering and optimization with emphasis on civil engineering applications. Course Goals Give students good exposure to, and working familiarity with the fundamentals of engineering economics and the management decision making processes that are used in engineering problem solving. Give the students the opportunity to work with the state-of-the art software in problem solving in engineering economics and management decision making. Give the students the experience of collaborating in project teams while working on course project(s) and enhancing their written and oral communication skills. Learning Objectives Understanding the concept of interest and equivalence. Learning the methods of engineering economic analysis (present worth, rate of return, annual cash flow, and benefit-cost ratio.) Understanding and apply the concept of depreciation. Understand the concept of value engineering. Learning the basics of mathematical modeling by being able to develop and solve engineering optimization models using linear programming. Learning to work with their peers in project teams to deal with semi-real world scale projects. Selected Topics Engineering Decision Making Process Equivalence and Compound Interest Present Worth Analysis Annual Cash Flow Analysis Rate of Return Analysis Benefit - Cost Ratio Analysis Depreciation Value Engineering Linear Programming

Grades: - Mid term Exam - Final Exam - Homework - Quizzes Textbook: D.G. Newman. Engineering Economic Analysis. Engineering Press Inc. San Jose, California. 9th. Ed. 2003.
The course will generally cover the text. However, some material from the references may also be covered.

25% 55% 5% 15%

References:
2

1. WG Sullivan, EM Wicks, JT Luxhoj. "Engineering Economy ." Prentice Hall, Upper Saddle River, New Jersey, 2003. 2. LT Blank, A Tarquin. "Engineering Economy". McGraw Hill, International Edition, 5th edition, 2002. 3. GJ Thuesen, WJ Fabrycky, GJ Thuesen. "Engineering Economy." Prentice Hall, Upper Saddle River, NY, 2001. 4. E. Paul DeGarmo et. al. Engineering Economy. Collier Macmillan Publishing Co., Inc., USA. 6th Ed. 1979. 5. D. Young. Modern Engineering Economy. John Wiley & Sons Inc., USA, 1983. 6. ASTM Standards on Building Economics, 1992, 2nd Ed. USA. 1992. 7. Barish, N.N., and S. Kaplan, 1978, Economic Analysis: For Engineering and Managerial Decision Making, Second Edition, McGraw-Hill. 8. Hillier, F.S., and G.J. Lieberman, 1990, "Introduction to Operations Research," Fifth Edition, McGraw-Hill. 9. Smith, A.A., E. Hinton, and R.W. Lewis, 1983 "Civil Engineering Systems Analysis and Design," John Wiley & Sons.

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