EIN 4354, ENGINEERING ECONOMY

EIN 4354 ENGINEERING ECONOMY

Course Syllabus

Spring Term, 2008

 

 

Class Time/Place:      M/W/F 6th period

 

Instructor:                  Dr. Suleyman Tufekci               (352) 392-1464 ext. 2022 (office)

                                    468 Weil Hall              

                                    tufekci@ise.ufl.edu

                                    Office Hours:  T, R  13:00-14:00

 

TA:                              Dincer Konur  

                                    450 Weil Hall              

                                    dincer@ufl.edu

                                    TA Hours: TBA

 

Text:                           Engineering Economic Analysis, 9th Edition, Donald G. Newnan, Ted G. Eschenbach, Jerome P. Lavalle, Oxford Press, 2004.

 

Course Description:   Discusses time value of money, interest rate calculations, economic equivalence concepts, cost of capital, comparison of alternative investments, evaluating economic life and replacement alternatives, inflation, depreciation, depletion, product costing, development of business case analyses for new product development projects and the impact of taxes on engineering economic decisions.

 

Homework:                 There will be weekly homework assignments from the textbook.  NO late homework is accepted.  Partial credit may be given only for those answers where the methodology is correct but calculations may be wrong.  The use of spreadsheet programs such as Excel is highly encouraged. In such instances you must submit your file together with proper explanations for the grader to decipher your calculations.

 

Exams:                        There will be two midterms and a final exam.  If you must have to miss an exam due to acceptable reasons, you should make alternative arrangements with the instructor before the exam is given.  In such a case documentation will be needed for justification of the request. Missing an exam without prior notification will receive a score of "zero" for that exam. Students with learning disabilities should read the information at the end of the this syllabus.

 

Quizzes:                      Several short quizzes will be given in class throughout the semester.  Quizzes cannot be made up; however, you will be able to drop your lowest quiz score.

 

Grading:                     Exams 1&2     30% (15% each)

                                    Exam    3                      25%

Homework                   20%

Quizzes                        15%

Attendance                   10%

 

Cheating of any form on homework, quizzes or exams will result in a grade of 0 for that quiz or exam for all parties involved! The case may be taken to the Student Honor Court as well.

 

During class, please turn off (or put in silent mode) all pagers and cell phones.

 

Tentative Schedule

 

Item                                         Topic                                                                 Chapters in Text

 

1                                  Making Economic Decisions                                         1

2                                  Engineering Costs and Cost Estimating              2

3                                  Cost Concepts and Design Economics, cont.     2

4                                  Interest and Equivalence                                               3

5                                  Money-Time Relationships and Equivalence cont.          4

6                                  Present Worth Analysis                                     5

7                                  Annual Cash Flow Analysis                                           6

8                                  Rate of Return Analysis                                     7

9                                  Incremental Analysis                                                     8

                                    EXAM #1

10                                Other Analysis Techniques                                            9

11                                Uncertainty and Engineering Economy               10                               

12                                Asset Depreciation and its Impact on                11

                                    Economic Analyses

13                                Taxes and Economic Analyses                          12

14                                Economic Justification of Asset Replacements   13

15                                Impact of Inflation on Economic Analyses                     14, 15

16                                Economic Evaluation of Public Projects             16

17                                Allocation of Limited Capital to Projects                       17

                                    EXAM #2

18                                Accounting and Engineering Economy               18

19                                Manufacturing Cost Accounting                                    Dr. T. Notes

20                                Manufacturing Cost Estimation Techniques                    Dr. T. Notes

21                                Preparing Financial Business Cases                               Dr. T. Notes

           

                                    EXAM 3

 

Honesty Policy – All students admitted to the University of Florida have signed a statement of academic honesty committing themselves to be honest in all academic work and understanding that failure to comply with this commitment will result in disciplinary action. This statement is a reminder to uphold your obligation as a UF student and to be honest in all work submitted and exams taken in this course and all others.

Accommodation for Students with Disabilities – Students requesting classroom accommodation must first register with the Dean of Students Office.  That office will provide the student with documentation that he/she must provide to the course instructor when requesting accommodation. 

UF Counseling Services – Resources are available on-campus for students having personal problems or lacking clear career and academic goals.  The resources include:

- University Counseling Center, 301 Peabody Hall, 392-1575, Personal and Career Counseling.

- SHCC mental Health, Student Health Care Center, 392-1171, Personal and Counseling.

- Center for Sexual Assault/Abuse Recovery and Education (CARE), Student Health Care Center, 392-1161, sexual assault counseling.

- Career Resource Center, Reitz Union, 392-1601, career development assistance        and counseling.

Software Use – All faculty, staff and student of the University are required and expected to obey the laws and legal agreements governing software use.  Failure to do so can lead to monetary damages and/or criminal penalties for the individual violator.  Because such violations are also against University policies and rules, disciplinary action will be taken as appropriate.  We, the members of the University of Florida community, pledge to uphold ourselves and our peers to the highest standards of honesty and integrity.