MAE 400 - Financial Aspects of Engineering

Financial influences on the engineering decision making process. Time-value-of-money concepts for establishing cash flow equivalence. Financial evaluation of design alternatives using annual cost, present worth, rate of return, and cost-benefit. Break-even and sensitivity analysis. Corporate income taxes and “after-tax” evaluation of alternatives. Professional aspects of engineering including ethics, financial statements, business organization, capital budgeting and intellectual property issues. (SI)

Credits: 3