MECH_V 431 - 101 - (Lecture)

Discounted cash flows. Sources of funds, cost of capital. Effects of depreciation, taxes, inflation. Evaluation and comparison of economic models for engineering projects. Replacement decisions. Public project analysis. Risk analysis. Project control, inventory analysis, simulation. Recommended pre-requisite: third-year standing. This course is not eligible for Credit/D/Fail grading. [3-0-0]