TÜRKÇE
ENGLISH
Information
| Code | ENM305 |
| Name | Engineering Economy |
| Term | 2023-2024 Academic Year |
| Semester | 5. Semester |
| Duration (T+A) | 2-1 (T-A) (17 Week) |
| ECTS | 4 ECTS |
| National Credit | 2 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Dr. Öğr. Üyesi ZAHİDE FİGEN ANTMEN |
| Course Instructor |
Dr. Öğr. Üyesi ZAHİDE FİGEN ANTMEN
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
To introduce industrial engineering students to the evaluation of investment projects and ensure that they approach the decision-making processes in this regard with a financial manager's point of view.For this purpose, derste, time value of money, project evaluation techniques, determination of cash flows related to investment projects and capital cost are taught.
Course Content
To give technical information about the evaluation of investment projects to industrial engineering students.
Course Precondition
yok
Resources
Course presentations
Notes
Fundamentals of engineering economics, Leland Blank, Anthony Tarquin
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | What can be used when engineering decisions are taken and how the cash flows are balanced in the economic direction with the help of interest formula |
| LO02 | To be able to calculate the time value of money |
| LO03 | Ability to compare alternative investment decisions |
| LO04 | To learn basic information about investment planning |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Have sufficient knowledge of mathematics, science and related engineering disciplines; can use the theoretical and applied knowledge in these fields in complex engineering problems. | 4 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Acquire the ability to identify, define, formulate and solve complex Industrial Engineering problems; for this purpose, will have the ability to choose and apply appropriate analysis and modeling methods. | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Design a complex system, process, device or product to meet specific requirements under realistic constraints and conditions; can apply modern design methods for this purpose. | 5 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Develops modern techniques and tools necessary for the analysis and solution of complex problems encountered in engineering applications, and has the ability to use information technologies effectively. | 4 |
| PLO05 | Bilgi - Kuramsal, Olgusal | Have the ability to design experiments, collect data, analyze and interpret results for the investigation of complex engineering problems or discipline-specific research topics. | |
| PLO06 | Bilgi - Kuramsal, Olgusal | Have the ability to work effectively in disciplinary and multi-disciplinary teams or individually. | 5 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Ability to communicate effectively in Turkish orally and in writing; knowledge of at least one foreign language; have the ability to write effective reports and understand written reports, to prepare design and production reports, to make effective presentations, to give and receive clear and understandable instructions. | 4 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Have the awareness of the necessity of lifelong learning; can follow the developments in science and technology and have the ability to constantly renew themselves. | 4 |
| PLO09 | Yetkinlikler - Öğrenme Yetkinliği | Acts in accordance with ethical principles, has knowledge about the standards used in engineering applications with the awareness of professional and ethical responsibility. | 5 |
| PLO10 | Yetkinlikler - Öğrenme Yetkinliği | Gain knowledge of business practices such as project management, risk management and change management; become aware of entrepreneurship and innovation. | 5 |
| PLO11 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Gains knowledge about the effects of engineering practices on health, environment and safety in universal and social dimensions and the problems of the age reflected in the field of engineering and has awareness of the legal consequences of engineering solutions. | 3 |
| PLO12 | Yetkinlikler - Öğrenme Yetkinliği | They can benefit from the power of effective communication in their professional life and have the ability to interpret developments correctly. | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Have the ability to design, develop, implement and improve integrated systems involving machine, time, information and money. | |
| PLO14 | Yetkinlikler - Öğrenme Yetkinliği | Have the ability to design, develop, implement and improve complex products, processes, businesses, systems by applying modern design methods, under realistic conditions and constraints such as cost, environment, sustainability, manufacturability, ethical, health, safety and political issues. | 3 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Engineering Economics Decisions | Use the resources related to the subject | Öğretim Yöntemleri: Anlatım |
| 2 | Financial Statement Analysis | Use the resources related to the subject | Öğretim Yöntemleri: Anlatım |
| 3 | Cost Concepts and Behaviors | Use the resources related to the subject | Öğretim Yöntemleri: Anlatım |
| 4 | Money Management | Use the resources related to the subject | Öğretim Yöntemleri: Anlatım |
| 5 | Investment Principles | Use the resources related to the subject | Öğretim Yöntemleri: Anlatım |
| 6 | Net Present Value Analysis | Use the resources related to the subject | Öğretim Yöntemleri: Anlatım |
| 7 | Annual Equivalent Analysis | Use the resources related to the subject | Öğretim Yöntemleri: Anlatım |
| 8 | Annual Value | Use the resources related to the subject | Öğretim Yöntemleri: Anlatım |
| 9 | Mid term exam | Use the resources related to the subject | Ölçme Yöntemleri: Yazılı Sınav |
| 10 | Amortization Calculation | Use the resources related to the subject | Öğretim Yöntemleri: Anlatım |
| 11 | Project Cash Flows | Use the resources related to the subject | Öğretim Yöntemleri: Anlatım |
| 12 | Project Cash Flows. | Use the resources related to the subject | Öğretim Yöntemleri: Anlatım |
| 13 | Inflation and Project Cash Flows | Use the resources related to the subject | Öğretim Yöntemleri: Anlatım |
| 14 | Project Risk and Uncertainties | Use the resources related to the subject | Öğretim Yöntemleri: Anlatım |
| 15 | Renewal Resolutions | Use the resources related to the subject | Öğretim Yöntemleri: Anlatım |
| 16 | Term Exams | Use the resources related to the subject | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Use the resources related to the subject | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 3 | 42 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 1 | 2 | 2 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 7 | 7 |
| Final Exam | 1 | 18 | 18 |
| Total Workload (Hour) | 111 | ||
| Total Workload / 25 (h) | 4,44 | ||
| ECTS | 4 ECTS | ||