Mechanical & Industrial Engrg 353 - Engr Econ Dec Making

Concepts and techniques needed in making economic decisions which confront engineers: accounting principles, cost control, budgeting, choosing among alternatives, interest and rate-of-return formulas, depreciation, replacement problems, income tax, lease-buy decisions, decisions under risk, scheduling techniques, corporation structure, financing alternatives, economic decision-making by public and regulated organizations. Prerequisite: MATH 132 or equivalent.