TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ENGINEERING |
| INDUSTRIAL ENGINEERING PR. | |
| Code | ENM305 |
| Name | Engineering Economy |
| Term | 2020-2021 Academic Year |
| Semester | 5. Semester |
| Duration (T+A) | 2-1 (T-A) (17 Week) |
| ECTS | 4 ECTS |
| National Credit | 2.5 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Label | C Compulsory |
| Mode of study | Uzaktan Öğretim |
| Catalog Information Coordinator | Doç. Dr. ZAHİDE FİGEN ANTMEN |
| Course Instructor |
Doç. Dr. ZAHİDE FİGEN ANTMEN
(Güz)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
To introduce industrial engineering students to the evaluation of investment projects and ensure that they approach the decision-making processes in this regard with a financial manager's point of view.For this purpose, derste, time value of money, project evaluation techniques, determination of cash flows related to investment projects and capital cost are taught.
Course Content
To give technical information about the evaluation of investment projects to industrial engineering students.
Course Precondition
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | What can be used when engineering decisions are taken and how the cash flows are balanced in the economic direction with the help of interest formula |
| LO02 | To be able to calculate the time value of money |
| LO03 | Ability to compare alternative investment decisions |
| LO04 | To learn basic information about investment planning |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | - | Adequate knowledge in mathematics, science and related engineering discipline; ability to use theoretical and practical knowledge in these areas in complex engineering problems. | 3 |
| PLO02 | - | An ability to identify, formulate, and solve complex industrial engineering problems; the ability to select and apply appropriate analysis and modeling methods for this purpose. | 4 |
| PLO03 | - | An ability to design a complex system, process, device, or product to meet specific requirements under realistic constraints and conditions; the ability to apply modern design methods for this purpose. | 5 |
| PLO04 | - | Ability to develop, select and use modern techniques and tools necessary for the analysis and solution of complex problems encountered in engineering applications; ability to use information technologies effectively. | 4 |
| PLO05 | - | Ability to design, conduct experiments, collect data, analyze and interpret results for the study of complex engineering problems or discipline-specific research topics. | 4 |
| PLO06 | - | Ability to work effectively in disciplinary and multidisciplinary teams; self-study skills. | 5 |
| PLO07 | - | Ability to communicate effectively in Turkish presentation and in writing; knowledge of at least one foreign language; Ability to write effective reports and understand written reports, to prepare design and production reports, to make effective presentations, to give clear and understandable instruction and receiving skills. | 3 |
| PLO08 | - | Awareness of the necessity of lifelong learning; the ability to access information, follow developments in science and technology, and constantly renew oneself. | 3 |
| PLO09 | - | To act in accordance with ethical principles, professional and ethical responsibility awareness; information about standards used in engineering applications. | 4 |
| PLO10 | - | Information on business practices such as project management, risk management and change management; awareness about entrepreneurship and innovation; information on sustainable development. | 3 |
| PLO11 | - | Information about the effects of engineering applications on health, environment and safety in universal and social dimensions and the problems reflected in the engineering field of the age; awareness of the legal consequences of engineering solutions. | 4 |
| PLO12 | - | Ability to make use of the power of effective communication in professional life, to interpret the developments correctly and to make decisions. | 3 |
| PLO13 | - | Ability to design, develop, implement and improve integrated systems including machinery, time, information and money. | 4 |
| PLO14 | - | Ability to design, develop, implement and improve complex product, process, business, system design by applying modern design methods under realistic conditions and constraints such as cost, environment, sustainability, productivity, ethics, health, safety and political issues. | 4 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Engineering Economics Decisions | Use the resources related to the subject | |
| 2 | Financial Statement Analysis | Use the resources related to the subject | |
| 3 | Cost Concepts and Behaviors | Use the resources related to the subject | |
| 4 | Money Management | Use the resources related to the subject | |
| 5 | Investment Principles | Use the resources related to the subject | |
| 6 | Net Present Value Analysis | Use the resources related to the subject | |
| 7 | Annual Equivalent Analysis | Use the resources related to the subject | |
| 8 | Mid-Term Exam | Use the resources related to the subject | |
| 9 | Mid term exam | Use the resources related to the subject | |
| 10 | Amortization Calculation | Use the resources related to the subject | |
| 11 | Project Cash Flows | Use the resources related to the subject | |
| 12 | Project Cash Flows | Use the resources related to the subject | |
| 13 | Inflation and Project Cash Flows | Use the resources related to the subject | |
| 14 | Project Risk and Uncertainties | Use the resources related to the subject | |
| 15 | Renewal Resolutions | Use the resources related to the subject | |
| 16 | Term Exams | Use the resources related to the subject | |
| 17 | Term Exams | Use the resources related to the subject |
Assessment (Exam) Methods and Criteria
| Assessment Type | Midterm / Year Impact | End of Term / End of Year Impact |
|---|---|---|
| 1. Midterm Exam | 100 | 40 |
| General Assessment | ||
| Midterm / Year Total | 100 | 40 |
| 1. Final Exam | - | 60 |
| Grand Total | - | 100 |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 3 | 42 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 1 | 2 | 2 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 7 | 7 |
| Final Exam | 1 | 18 | 18 |
| Total Workload (Hour) | 111 | ||
| Total Workload / 25 (h) | 4,44 | ||
| ECTS | 4 ECTS | ||