Engineering Economic Analysis
Arm yourself with the financial planning and accounting skills necessary to conduct engineering economic evaluations. Measure the worth of project investments. Balance risks and uncertainties. Tally the influence of taxation and depreciation.
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Subjects may require attendance
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At the completion of this subject students will be able to:
- understand the principles of financial accounting and planning
- assess the financial conditions of a manufacturing company
- analyse different product costs in manufacturing
- apply appropriate techniques for measuring the worth of project investments
- conduct effective decision analysis in the presence of multiple attributes, uncertainties, or risks.
- Financial statement analysis
- Budgeting and analysis of performance
- Analysing fixed and variable cost
- Allocation of indirect costs, analysis of product costs
- Investment appraisal
- Net present value
- Internal Rate of Return
- Depreciation and taxation
- Multi-attribute analysis
- Measures of investment worth under risk
- Utility theory
- Risk analysis, decision tree analysis
In order to enrol in this subject, you must be accepted into one of the following degrees:
No special requirements
This subject aims to provide you with advanced knowledge and skills in engineering economic analysis and investment appraisals. On completion of this subject, you will have an integrated understanding of the principles of financial accounting and planning, the assessment of financial conditions of a manufacturing company, and the analysis of different product costs in manufacturing. You will be able to systematically and critically apply appropriate techniques for measuring the worth of project investments, and conduct effective decision analysis in the presence of uncertainties, risks, or multiple attributes.
- Group Assignment (30%)
- Assessment (20%)
- Invigilated Exam (50%)