About The Instructor(s)
This course satisfies part of the Communication Skills graduation requirement.
Section will be taught totally online with no scheduled class meetings. Students must arrange for daily access to a computer and the Internet prior to the start of classes. Robert Morris labs are to be used only as a backup in special situations and may not be relied upon for extended periods of time. In addition to the Internet link, online classes have a large emphasis on email. All messages from the instructor and other information regarding online classes, including user ids, passwords, and login instructions will be sent to your Robert Morris University email account.
Visit http://rmu.blackboard.com/ for more information.
Session, Dates: 1 (08/28/2017 - 12/16/2017)
Seats Available: 1 Seat!
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).
Santo A. DeFrancesco, M.S.
Hale Center 305