TÜRKÇE
ENGLISH
Information
| Unit | INSTITUTE OF NATURAL AND APPLIED SCIENCES |
| ENGINEERING AND TECHNOLOGY MANAGEMENT (MASTER) (WITHOUT THESIS) (INTERDISCIPLINA | |
| Code | MTY500 |
| Name | Cost Analysis and Engineering Economics |
| Term | 2022-2023 Academic Year |
| Term | Spring |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Yüksek Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. RIZVAN EROL |
| Course Instructor |
The current term course schedule has not been prepared yet.
|
Course Goal / Objective
The primary of this course is to study basic quantitative methods used in engineering economics and cost analysis with the help of computer programs.
Course Content
Cost factors, accounting of costs, activity based costing, interest/time-value relations, comparison of investment alternatives, financial ratios and planning tecnics, financing of engineering projects, capital budgeting/portfolio analysis, depreciation/inflation, break-even analysis/risk analysis, case study analysis.
Course Precondition
None
Resources
PARK, C. S., 2007, Contemporary Engineering Economics(4th edition), Prentice-Hall.
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Understands the role of engineering economics tools in engineering decisions. |
| LO02 | Analyzes and interprets basic financial tables generally. |
| LO03 | Performs basic interest and present value calculations on a given project cash flow diagram. |
| LO04 | Makes best economic decisions among project and investment alternatives using a appropriate decision model. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Understands, evaluates, interprets and applies knowledge in depth in the field of engineering and technology management, doing scientific research. | 4 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Has comprehensive knowledge about current methods and techniques of engineering and technology management and its limitations. | 5 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Has the ability of describing and applying knowledge despite limited or missing data; integrates knowledge from different disciplines into the present knowledge. | 5 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Designs engineering problems, develops techniques to solve them, using innovative ways. | 4 |
| PLO05 | Bilgi - Kuramsal, Olgusal | Has the ability of designing and applying research based on analytical, modelling and experimental approaches and has the ability to solve problems encountered while conducting such research. | 4 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Works in multi-disciplinary teams, takes a leading role and responsibility and develops approaches for complicated solutions. | 3 |
| PLO07 | Bilgi - Kuramsal, Olgusal | Describes, gathers and uses necessary information and data. | 4 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Keeps up with the latest developments in the field, examines and learns them when necessary. | 3 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Has the ability of developing new and/or original ideas or techniques, comes up with innovative solutions for designing systems, components or processes. | 3 |
| PLO10 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Presents research findings systematically and clearly in oral or written forms in national or international meetings. | 5 |
| PLO11 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Understands social and environmental implications of engineering practice. | 4 |
| PLO12 | Yetkinlikler - Öğrenme Yetkinliği | Considers social, scientific and ethical values in all professional activities and while collecting and analysing data and discussing the findings. | 4 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Engineering economics decisions | reading the related textbook chapter | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 2 | Analysis of financial tables | reading the related textbook chapter | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 3 | Cost factors and behaviors | reading the related textbook chapter | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 4 | Time value of money | reading the related textbook chapter | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 5 | Debt management | reading the related textbook chapter | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 6 | Investment principles | reading the related textbook chapter | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 7 | Net present value analysis | reading the related textbook chapter | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 8 | Mid-Term Exam | prepare for the exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Annual Equivalence analysis | reading the related textbook chapter | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 10 | Rate of return analysis | reading the related textbook chapter | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 11 | Depreciation calculations and project cash flows | reading the related textbook chapter | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 12 | Inflation and its impact on cash flows | reading the related textbook chapter | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 13 | Project risks and uncertainties | reading the related textbook chapter | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 14 | Capital budgeting decisions | reading the related textbook chapter | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 15 | Project presentations | prepare for the exam | Ölçme Yöntemleri: Proje / Tasarım |
| 16 | Term Exams | prepare for the exam | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | prepare for the exam | Ölçme Yöntemleri: Yazılı Sınav |