INEG 24103 — Engineering Economic Analysis
Economic aspects of engineering, including current economic problems and the treatment of estimates when evaluating alternative courses of action. Methods of selection and replacement of equipment and break-even points of operation; desirability of new processes or projects where asset life, rate of return on investment, and first, fixed, differential, marginal, and sunk costs must be considered. Corequisite: Drill component. Prerequisite: MATH 24005 or MATH 25104 or MATH 24004 . (Typically offered: Fall and Spring)
Prerequisites: MATH 24005, MATH 25104, MATH 24004