Engineering Economics

From BioMASS Laboratory Wiki

As system engineers what are we trying to achieve?

• We hope to make better decisions
• We hope to find the best system design
• We hope to identify key limiting factors
• We hope to control the system precisely

So now, how can economic tools help us achieve these objectives?

Contents 1 Objectives 2 Resources 3 Homework (Due: March 30) 4 Links

Objectives

• To design solutions for engineering economics problems
• To analyze the suitability of investments in engineering projects

Resources

• Formula sheet for handling engineering economics problems

Homework (Due: March 30)

• Stoecker
  • 3.1, 3.4, 3.5, 3.12, 3.34
• Problems 1 & 2 in this HW handout .
• solution

Links

• Dr. Evil goes for $1 million