ENGR 221 ‑ ENGINEERING ECONOMY

Course Description: Economic selection of machines, structures, and processes. Computer

applications. 3 lec. (PR:ENGR 107)

Text: Engineering Economic Analysis, 8^th Edition, 2000, Newnan, D. G., Lavelle, J.P., Eschenbach, T.G., Engineering Press

Supplementary Text: Newman, D.G., Student's Quick Study Guide, 7^th Edition, 1998, Engineering Press

Topics Covered:

Use of Microsoft Excel

Making Economic Decisions

Engineering Costs and Cost Estimating

Interest and Equivalence

More Interest Formulas

Present Worth Analysis

Annual Cash Flow Analysis

Rate of Return Analysis

Depreciation

Income Taxes

Inflation and Price Change

Selection of A Minimum Attractive Rate of Return

Homework: Students will use Excel to solve homework problems assigned from the appropriate chapter in the text. This homework will be emailed to the instructor. Homework will be half of the final grade.

Quizzes: A short open-book quiz will occur each Wednesday, to be done using Excel. Quizzes will be half of the final grade.

Tests: There will be no mid‑term or final tests.

Instructor: William E. Crockett Professor of ChE

Marshall University Graduate College

100 Angus E. Peyton Drive

South Charleston, WV 25303

800‑642‑9842 x2040

304‑746‑2040

bcrockett@marshall.edu