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 Course DetailsCourse DescriptionAbout The Instructor
For additional course information, First Class requirements, syllabus, etc., check the About The Instructor section for a link to a Faculty Website. |
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This course satisfies part of the Communication Skills graduation requirement.
This section is Communication Skills intensive. Communication Skills I-V must be completed before taking this course.
Session, Dates: 1 (08/25/2014 - 12/13/2014) Days: T R Time: 07:45 - 09:00 am Location: Moon Campus Room: John Jay 233 Seats Available: Course Full, Choose another Credits: 3
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This course will provide engineers with the tools necessary to economically evaluate their decisions and designs. These tools and techniques use basic economic concepts enabling effective communication between engineers and the business world regarding recommended courses of action. The course will stress evaluation using dollars and cents as opposed to tolerances and engineering specifications.
Included will be the principles of engineering economics (the time value of money, interest, cash flow diagrams and economic equivalences), general introduction to decision making (identifying the problem, generating alternative solutions and estimating measures of effectiveness for each alternative), single project decision-making (analysis of cash flows to decide to accept or reject an alternative solution), multiple project decision-making (analysis of alternatives with different service lives and different measures of effectiveness) and post selection analysis (analysis for the purpose of improving future project decision-making).
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Priyadarshan A. Manohar, Ph.D.
Co-Director, SEMS ROC - Grants & Research
SEMS - ROC
Associate Professor of Industrial and Manufacturing Engineering
Engineering
manohar@rmu.edu 412-397-4027 phone 412-397-2593 fax John Jay 127 Profile For additional course information, First Class requirements, syllabus, etc., check the About The Instructor section for a link to a Faculty Website.
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