Information Of Programmes

FACULTY OF ENGINEERING & ARCHITECTURE / MMS402 - DEPARTMENT OF MECHANICAL ENGINEERING

Code: MMS402

Course Title: ENGINEERING ECONOMICS

Theoretical+Practice: 2+0

ECTS: 4

Year/Semester of Study

4 / Spring Semester

Level of Course

1st Cycle Degree Programme

Type of Course

Optional

Department

DEPARTMENT OF MECHANICAL ENGINEERING

Pre-requisities and Co-requisites

None

Mode of Delivery

Face to Face

Teaching Period

14 Weeks

Name of Lecturer

OSMAN GÖKDOĞAN (osmangokdogan@nevsehir.edu.tr)

Name of Lecturer(s)

Language of Instruction

Turkish

Work Placement(s)

None

Objectives of the Course

To give information about basic engineering economy concepts and to use these basic concepts in economic evaluation and comparison of the investment and system altrnatives to the best one.

Learning Outcomes		PO	MME
The students who succeeded in this course:
LO-1	can make interest calculations	PO-5 Student is aware of the necessity of lifelong learning, followed by developments in science and technology, and also constantly renews itself.	Examination
LO-2	can evaluate investment altrnatives	PO-5 Student is aware of the necessity of lifelong learning, followed by developments in science and technology, and also constantly renews itself.	Examination
LO-3	can use cash flow diagrams	PO-5 Student is aware of the necessity of lifelong learning, followed by developments in science and technology, and also constantly renews itself.	Examination
LO-4	can explain the concepts of the time value of money and economic equity	PO-5 Student is aware of the necessity of lifelong learning, followed by developments in science and technology, and also constantly renews itself.	Examination
PO: Programme Outcomes MME:Method of measurement & Evaluation

Course Contents
Introduction and foundations of engineering economy, Economic equivalence, simple and compound interest, Cost concepts, demand-price relation, breakeven analysis, Cash flows and cash flow diagrams, Time-money relation, single-amount factorsaman iliskisi, Tek ödemeli formüller , Uniform Series Present Worth Factor and Capital Recovery Factor, Arithmetic Gradient Series Factors, Geometric Gradient Series Factors, Finding interest rate and number of interest period, Nominal ve Effective Interest, Introduction to evaluation of altnatives, Present and future worth analysis, Annual worth analysis, rate of return analysis , Rate of return analysis, Payback period analysis, Benefit/Cost Analysis, Alternative Selection Using Incremental B/C Analysis
Weekly Course Content
Week	Subject	Learning Activities and Teaching Methods
1	Introduction and foundations of engineering economy	Oral presentation, question-answer
2	Economic equivalence, simple and compound interest	Oral presentation, question-answer
3	Cost concepts, demand-price relation, breakeven analysis	Oral presentation, question-answer
4	Cash flows and cash flow diagrams	Oral presentation, question-answer
5	Time-money relation, single-amount factorsaman iliskisi, Tek ödemeli formüller	Oral presentation, question-answer
6	Uniform Series Present Worth Factor and Capital Recovery Factor	Oral presentation, question-answer
7	Arithmetic Gradient Series Factors	Oral presentation, question-answer
8	mid-term exam
9	Geometric Gradient Series Factors	Oral presentation, question-answer
10	Finding interest rate and number of interest period	Oral presentation, question-answer
11	Nominal ve Effective Interest	Oral presentation, question-answer
12	Introduction to evaluation of altnatives, Present and future worth analysis	Oral presentation, question-answer
13	Annual worth analysis, rate of return analysis	Oral presentation, question-answer
14	Rate of return analysis, Payback period analysis	Oral presentation, question-answer
15	Benefit/Cost Analysis, Alternative Selection Using Incremental B/C Analysis	Oral presentation, question-answer
16	final exam
Recommend Course Book / Supplementary Book/Reading
1	Sullivan, William G., James A. Bontadelli, and Elin M. Wicks. "Engineering Economy 2000." Printice Hall: 68.
Required Course instruments and materials

Assessment Methods
Type of Assessment	Week	Hours	Weight(%)
mid-term exam	8	1	40
Other assessment methods
1.Oral Examination
2.Quiz
3.Laboratory exam
4.Presentation
5.Report
6.Workshop
7.Performance Project
8.Term Paper
9.Project
final exam	16	1	60

Student Work Load
Type of Work	Weekly Hours	Number of Weeks	Work Load
Weekly Course Hours (Theoretical+Practice)	2	14	28
Outside Class
a) Reading	2	14	28
b) Search in internet/Library	2	14	28
c) Performance Project			0
d) Prepare a workshop/Presentation/Report			0
e) Term paper/Project			0
Oral Examination			0
Quiz			0
Laboratory exam			0
Own study for mid-term exam	3	8	24
mid-term exam	1	1	1
Own study for final exam	3	8	24
final exam	1	1	1
			0
			0
Total work load;			134