CANKIRI KARATEKIN UNIVERSITY Bologna Information System


  • Course Information
  • Course Title Code Semester Laboratory+Practice (Hour) Pool Type ECTS
    The Engineering Economics BİL232 SPRING 3+0 C 5
    Learning Outcomes
    1-move single cash flows along a time line using a compound interest rate; annualized cash flows along a time line using a compound interest rate; gradient and escalating cash flows along a time line using a compound interest rate.
    2-convert nominal and effective interest rates.
    3-convert cash flows into Net Present Worth (NPW), net future worth, annualized series, gradient series or escalating series.
    4-compare alternatives using NPW.
    5- compare alternatives with differing life-cycles and Compare infinite-life projects using capitalized costs.
    6- compute an Internal Rate of Return (IRR) for a set of cash flows and Identify spurious IRR from complex cash flows.
    7- compare alternatives using Rate-Of-Return (ROR) analysis.
    8-classify benefits, disbenefits and cost for Benefit/Cost analysis.
  • ECTS / WORKLOAD
  • ActivityPercentage

    (100)

    NumberTime (Hours)Total Workload (hours)
    Course Duration (Weeks x Course Hours)14342
    Classroom study (Pre-study, practice)14570
    Assignments0000
    Short-Term Exams (exam + preparation) 0000
    Midterm exams (exam + preparation)4012020
    Project0000
    Laboratory 0000
    Final exam (exam + preparation) 6012020
    0000
    Total Workload (hours)   152
    Total Workload (hours) / 30 (s)     5,07 ---- (5)
    ECTS Credit   5
  • Course Content
  • Week Topics Study Metarials
    1 Basic concepts, graphs, role of engineering economics in decision making, discounting and I equivalence K1-Chapter-1
    2 Discounting factors and their usage; usage of multiple factors; nominal and effective interest II rates; continuous discounting K1-Chapter-2
    3 Present worth analysis; capitalized cost analysis; equal life alternatives; different life alternatives K1-Chapter-3
    4 Equivalent uniform annual cash flow analysis; equal life alternatives; different life alternatives; rate of return calculations; number of sign changes in cash flows and external investments K1-Chapter-4
    5 Incremental rate of return analysis, benefit/cost ratio analysis; future worth analysis K1-Chapter-5
    6 Replacement analysis, defender and challenger, economic life K1-Chapter-6
    7 Replacement analysis, defender and challenger, economic life K2-Chapter-4
    8 Depreciation and depletion, income taxes, after tax cash flow, inflation and interest K2-Chapter-5
    9 Breakeven analysis; capital budgeting for independent investment alternatives K2-Chapter-6
    10 Sensitivity analysis, expected value decisions, decision trees K2-Chapter-7
    11 Decision making under risk, uncertainty and risk, simulation, certainty equivalent, risk adjusted X cash flow approach K3-Chapter-6
    12 Decision making under risk, uncertainty and risk, simulation, certainty equivalent, risk adjusted X cash flow approach K3-Chapter-7
    13 Multiple criteria evaluation of investments K3-Chapter-8
    14 Multiple criteria evaluation of investments K3-Chapter-9
    Prerequisites -
    Language of Instruction Turkish
    Responsible Prof. Dr. Harun YAKIŞIK
    Instructors -
    Assistants -
    Resources K1- Leland T. Blank, Anthony Tarquin, Engineering Economy, 6th Edition, McGraw-Hill, 2009. K2- Kurtz, M., Calculations for Engineering Economic Analysis, McGraw Hill, Inc., 1995. K3- Steiner, H.M., Engineering Economic Principles, McGraw Hill, 1996.
    Supplementary Book
    Goals To understand the major capabilities and limitations of discounted cash flow analysis for evaluating proposed capital investments and to recognize, formulate, and analyze cash flow models in practical situations.
    Content Basic concepts, graphs, role of engineering economics in decision making, discounting and I equivalence, Discounting factors and their usage; usage of multiple factors; nominal and effective interest II rates; continuous discounting, Present worth analysis; capitalized cost analysis; equal life alternatives; different life alternatives, Equivalent uniform annual cash flow analysis; equal life alternatives; different life alternatives; rate of return calculations; number of sign changes in cash flows and external investments, Incremental rate of return analysis, benefit/cost ratio analysis; future worth analysis, Replacement analysis, defender and challenger, economic life, Depreciation and depletion, income taxes, after tax cash flow, inflation and interest, Breakeven analysis; capital budgeting for independent investment alternatives, Sensitivity analysis, expected value decisions, decision trees, Decision making under risk, uncertainty and risk, simulation, certainty equivalent, risk adjusted X cash flow approach, Multiple criteria evaluation of investments
  • Program Learning Outcomes
  • Program Learning Outcomes Level of Contribution
    1 To be able to apply mathematics, science and engineering theories and principles to Computer Engineering problems. 3
    2 To have the ability to define, model, and solve problems related to Computer Engineering. 3
    3 To be able to design and conduct experiments, as well as to analyze and interpret data. 3
    4 To be able to design and analyze a process for a specific purpose within technical and economical limitations. 3
    5 To be able to use modern techniques and calculation tools required for engineering applications. -
    6 To have the awareness of professional liabilities and ethics. 4
    7 To be able to get involved in interdisciplined and multidisciplined team work. 3
    8 To be able to declare his/her opinions orally or written in a clear, concise and brief manner. -
    9 To improve him/herself by following the developments in science, technology, modern issues, and know the importance of lifelong learning. -
    10 To be able to evaluate engineering solutions for the global and social problems especially for the health, safety, and environmental problems. -
    11 To have knowledge about of contemporary issues. 3
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