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Economy & Engineering Management 65301 Semester 5

Industrial Engineering Department

Teaching Methods Lect ure Rec . Lab . Project Work HW Other Total

Credits Credit

Language Compulsory / Elective Prerequisites Course Contents

48 English Compulsory



Course Objectives

Learning Outcomes and Competences

Calculus II This course is divided into two parts, Part I introduces the fundamental tools and concepts of economical evaluation of business and engineering projects such as cash flow, discounted cash flow, present value, future value, net present value, interest rate, decision making analysis and depreciation Part II introduces the fundamental management concepts applications and, starting with basic issues such as What is a business? and What is management?, continuing through management of quality, materials and new product development, human resources management and communication. . - To illustrate the basic terms and concepts related to the engineering economy. - To highlight the decision-making process in the engineering projects within an economic context. - To depict the concept of multi-criteria decision analysis and its application in practical engineering projects. - Introduction to feasibility studies 1- The ability to use financial tools and techniques A, C, E, H, K 80% to evaluate engineering projects. 2- The ability to understand the organizational I, G, D 10% management and models. 3- The ability to acquire the knowledge and skills G, H, C 10% needed to run and manage engineering projects and business. Blank, L. & Tarquin, A., (2005), Engineering Economy 6th Edition, New York: McGraw-Hill. Chelsom, J. V., Payne, A. C., & Reavil, L. R. P., (2005), Management for Engineers, Scientists and Technologists, 2nd Edition, England: John Wiley & Sons. If any,mark as (X) Midterm Exams Final Exam X X Percent (%) 50 50

Textbook and /or References

Assessment Criteria


Dr. Yahya Saleh, Dr. Mohammad Masri, Dr. Ramiz Assaf, Eng. Tamer Haddad, Eng. Rema Nassar

Topic #
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Foundations of Engineering Economy How Time and Interest Affect Money Examples on Combined Factors Nominal and Effective Interest Rates First Exam Present Worth Analysis Annual Worth Analysis Rate of Return Analysis: Single Alternative Rate of Return Analysis: Multiple Alternatives Benefit Cost Analysis Multiple Criteria Decision Analysis Second Exam Depreciation Engineering Management Final Exam