TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ENGINEERING |
| INDUSTRIAL ENGINEERING PR. | |
| Code | ENM305 |
| Name | Engineering Economy |
| Term | 2025-2026 Academic Year |
| Semester | 5. Semester |
| Duration (T+A) | 2-1 (T-A) (17 Week) |
| ECTS | 4 ECTS |
| National Credit | 2.5 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Label | C Compulsory |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Doç. Dr. ZAHİDE FİGEN ANTMEN |
| Course Instructor |
Araştırma Görevlisi FATMA ŞEYMA YÜKSEL
(Güz)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
The aim of this course is to equip industrial engineering students with fundamental concepts, methods, and analysis techniques for the economic evaluation of engineering projects and investment alternatives. The course aims to enable students to understand the time value of money, analyze investment and project cash flows, and make rational and systematic decisions among alternatives using engineering economics methods.
Course Content
This course covers the fundamental concepts of engineering economics, analyzing engineering projects economically within the framework of time value of money, money management, and investment principles. Throughout the course, investment alternatives are compared using net present value, annual equivalent, and annual value methods, and the impact of depreciation, inflation, and project cash flows on investment decisions is examined. Furthermore, project risks, uncertainties, and renewal decisions are evaluated from an engineering economics perspective. By the end of the course, students will gain a holistic decision-making approach to creating long-term and multi-dimensional value in engineering projects, addressing sustainable investment decisions that incorporate environmental, social, and governance (ESG) criteria.
Course Precondition
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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 |
| LO05 | Ability to analyze engineering and decision-making problems. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Acquires sufficient knowledge in mathematics, science and Industrial Engineering discipline-specific subjects; acquires the ability to use theoretical and applied knowledge in these fields in complex engineering problems. | 4 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Acquires the ability to identify, define, formulate and analytically solve complex Industrial Engineering problems; and has the ability to select and apply appropriate analysis and modelling methods for this purpose. | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Acquires the ability to design a complex system, process, device or product to meet specific requirements under realistic constraints and conditions; acquires the ability to apply modern design methods for this purpose. | 5 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Acquires the ability to select and use modern techniques and tools necessary for the analysis and solution of complex problems encountered in Industrial Engineering applications and acquires the ability to use information technologies effectively. | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Acquire the skills to design and conduct experiments, collect data, analyze and interpret results to investigate complex Industrial 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, both verbally and in writing; knowledge of at least one foreign language; ability to write and understand effective reports, prepare design and production reports, make effective presentations, and give and receive clear and understandable instructions. | |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | They have awareness of the necessity of lifelong learning; they have the ability to access information, follow developments in science and technology, and constantly renew themselves. | 4 |
| PLO09 | Yetkinlikler - Öğrenme Yetkinliği | Acting in accordance with ethical principles, becoming knowledgeable about the standards used in engineering practices with awareness of professional and ethical responsibility. | |
| PLO10 | Yetkinlikler - Öğrenme Yetkinliği | Learn about business practices such as project management, risk management and change management, and is aware of entrepreneurship and innovation. | 5 |
| PLO11 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Informed about the universal and societal impacts of engineering practices on health, environment and safety, and the contemporary problems reflected in the field of engineering, and is aware of the legal consequences of engineering solutions. | |
| PLO12 | Yetkinlikler - Öğrenme Yetkinliği | Benefit from the power of effective communication in professional life and has the ability to interpret developments correctly. | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Have the ability to design, develop, implement and improve integrated systems that include machines, people, time, information or money. | |
| PLO14 | Yetkinlikler - Öğrenme Yetkinliği | By applying modern design methods, they have the ability to design, develop, implement and improve complex products, processes, businesses and systems under realistic conditions and constraints such as cost, environment, sustainable development, energy, manufacturability, ethics, health, safety and political issues. | 4 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Introduction to the Course and Basic Concepts | Use the resources related to the subject | Öğretim Yöntemleri: Anlatım |
| 2 | Time Value of Money I | Use the resources related to the subject | Öğretim Yöntemleri: Anlatım |
| 3 | Time Value of Money II | Use the resources related to the subject | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 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 | Inflation and Project Cash Flows | Use the resources related to the subject | Öğretim Yöntemleri: Anlatım |
| 13 | Project Risk and Uncertainties | Use the resources related to the subject | Öğretim Yöntemleri: Anlatım |
| 14 | Renewal Decisions | Use the resources related to the subject | Öğretim Yöntemleri: Anlatım |
| 15 | Sustainable Investment Decisions and ESG Criteria | 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 |
Assessment (Exam) Methods and Criteria
| Assessment Type | Midterm / Year Impact | End of Term / End of Year Impact |
|---|---|---|
| 1. Midterm Exam | 50 | 20 |
| 1. Homework | 50 | 20 |
| General Assessment | ||
| Midterm / Year Total | 100 | 40 |
| 1. Final Exam | - | 60 |
| Grand Total | - | 100 |
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 | ||