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| END3001 | Engineering Economy | 3+0+0 | ECTS:5 | | Year / Semester | Fall Semester | | Level of Course | First Cycle | | Status | Compulsory | | Department | DEPARTMENT of INDUSTRIAL ENGINEERING | | Prerequisites and co-requisites | None | | Mode of Delivery | Face to face | | Contact Hours | 14 weeks - 3 hours of lectures per week | | Lecturer | Öğr. Gör. Dr Pınar BABAN | | Co-Lecturer | Non | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | Gaining knowledge and skills in accordance with the to perform engineering calculations by providing consideration of the changing value of money over time |
| Learning Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | LO - 1 : | Understands the concept of money and time | 1,2,3,4,11,12 | | | LO - 2 : | Can use the appropriate method to ensure the selection of the most economical investment of more than one alternative | 1,2,3,4,11,12 | | | LO - 3 : | Can use the appropriate method to ensure the selection of the most economical investment of more than one alternative | 1,2,3,6,11,12 | | | CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), LO : Learning Outcome | | |
| Economic decision analysis. Interest and economical equivalent. Effective interest concept. Investment evaluation techniques. Sensitivity analysis. Depreciation. Assessment analysis in Inflationary environment. MS Excel applications. |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | INTRODUCTION: economic decision-making in Engineering | | | Week 2 | BASIC CONCEPTS: basic concepts of engineering economics, investment evaluation criteria. Break-even Analysis | | | Week 3 | MONEY And TIME VALUE :Costs and economical equivalent of the money, the calculation of interest rates. | | | Week 4 | INTEREST RATE CALCULATIONS: nominal and effective interest rates; Deriving formula Interest Using the interest tables, The use of investment evaluation techniques with the help of Excel spreadsheet. | | | Week 5 | INTEREST RATE ACCOUNTS: The use of investment evaluation techniques with the help of Excel spreadsheet. | | | Week 6 | INTEREST RATE ACCOUNTS: The use of investment evaluation techniques with the help of Excel spreadsheet. | | | Week 7 | INVESTMENT EVALUATİON TECHNIQUES: Net present value analysis. | | | Week 8 | INVESTMENT EVALUATİON TECHNIQUES: The annual equivalent analysis. | | | Week 9 | Midterm | | | Week 10 | INVESTMENT EVALUATİON TECHNIQUES: Internal rate of return, Repayment cycle analysis. | | | Week 11 | INVESTMENT EVALUATİON TECHNIQUES: Future value analysis, profit-cost ratio analysis. | | | Week 12 | SENSITIVITY ANALYSIS: influence of changes in Engineering the economic parameters to the result | | | Week 13 | SENSITIVITY ANALYSIS: influence of changes in Engineering the economic parameters to the result | | | Week 14 | DECISION MAKING inflationary environment The effects of inflation on engineering economics accounts and investment evaluation techniques be revised again in an inflationary environment | | | Week 15 | Make-up exam | | | Week 16 | Final | | | |
| 1 | Okka Osman (2006), Mühendislik Ekonomisi, Nobel Yayınevi. | | | |
| 1 | Fabrycky, W. J., Thuesen, G. J., (1998), Economic Decision Analysis, Prentice Hall. | | | 2 | Degarmo, E. P., Sullivan W. G. and. Bontadelli, J. A., (1990), Engineering Economy, 8th Edition, Macmillan Publishing Company. | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | 18 Kasım 2024 | 70 | 50 | | End-of-term exam | 16 | 14 Ocak 2025 | 70 | 50 | | |
| Student Work Load and its Distribution | | Type of work | Duration (hours pw) | No of weeks / Number of activity | Hours in total per term | | Yüz yüze eğitim | 3 | 14 | 42 | | Sınıf dışı çalışma | 1 | 14 | 14 | | Arasınav için hazırlık | 5 | 1 | 5 | | Arasınav | 2 | 1 | 2 | | Dönem sonu sınavı için hazırlık | 5 | 1 | 5 | | Dönem sonu sınavı | 2 | 1 | 2 | | Total work load | | | 70 |
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