Southern Polytechnic State University

Undergraduate Academic Catalog 2012-2013

IET 3424 Engineering Economy

Prerequisite: MATH 1113

3-0-3

As an introduction to the effect of the time value of money this course will use equivalent annual cost, present worth, internal rates of return, and benefit to cost ratios in making economic analysis. Tax consequences, replacement theory and economic life will be examined in the analysis of engineering problems.

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