Engineering Economics

ENG 2B03
 Calendar Description

 Engineering criteria for decision-making. Money flow. Financial

ventures. Personal financing. Total project investment. Production
and operations costs. Economic analysis. Financial attractiveness.
 Anti-Requisites
– CIV ENG 3RR3
– CHEM ENG 4N04
Assessment

Assignments & Pop Quizzes 20%

Term Test (Week 7) 30%
Final Examination 50%
TOTAL 100%
 New Components

 Sustainability
 Ethics
 Cost Estimating
 Valuating Environmental and Social Costs
 Cost Estimating

 Week 12 Topics:
 Categories of Cost
– Accuracy
– Sources of Information
– Special Considerations
 Types of Estimates
– Order of Magnitude to Definitive Estimates
 Estimating Models
– Per-Unit Model (Unit Technique)
– Cost Indexes
– Power-Sizing Model
– Improvement and the Learning Curve
 Sustainability

 Week 1 Topics:
– Sustainability Competencies for Graduates of Engineering
Programs
– The Triple Bottom Line
– Case Studies: Interface Carpets and ING Headquarters
 Sustainability

 Week 8 Topics:
– Defining Social Responsibility
– Sustainability and Ethics
– Definition of Ethics
– Four Ethical Theories
– Whistleblowing
 Sustainability

 Week 13 Topics:
– Exxon Valdez vs. BP Oil Spill
– Types of Environmental Benefits
– Valuation Methods
 Travel cost method
 Hedonic pricing
 Contingent valuation
– Life-Cycle Cost Analysis