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Engineering Economics and Management

Department: 
Industrial Engineering
Course Description: 

Topics covered include principles and ways used by the engineer to justify the economic decisions concerning long and short-term planning, development of skills in preparing cash-flow as well as present and future value calculations. The students are introduced to different ways used in evaluating projects and their economic feasibility using present value, future value, annual payments, and rate of return profit to choose most feasible project and computer applications, and basic concepts management.