IEN-241, Systems Management I

2001 Catalog Data: IEN-241, Systems Management I  

Credits: (4-0-4)  

Course Description: Introductory course on engineering economy and financial and accounting data to assist engineering managers in making effective and financially sound management decisions. Topics include Balance Sheet, Return on Investment Analysis, Break-even Point Analysis, Time Value of Money and Cash Flow, Depreciation and Taxes, Replacement Analysis, Economical Life Analysis, and Analysis of Multiple Alternatives and Multiple Criteria Decision-Making.

Prerequisites:  Math-101, Calculus I or Sophomore I standing

Corequisites: None

Textbook: Essentials of Engineering Economic Analysis, by Donald G. Newnan and Jerome P. Lavelle, First Edition, Engineering Press, Texas, 1998. (Subject to change.) 

Handout materials will supplement lectures and text reading assignments.

References: Any engineering economics book as references.

Course Learning Objectives: The students will:

• Explain the financial concepts and basic engineering economic analysis skills commonly used to evaluate design alternatives and capital investment projects (IE PEOs 3, 5).

• Demonstrate ability to complete a group project (IE PEO 1).

• Apply the fundamental concepts and nomenclature associated with engineering economic analysis, activity based cost justification, and multiple criteria decision making to structured and open ended problems (IE PEOs 2, 4, 5).

• Summarize the underlying assumptions and the data requirements associated with the application of the fundamental concepts and evaluation techniques discussed (IE PEOs 3, 5).

• Select the appropriate economic analysis technique to evaluate design alternatives or capital investment projects (IE PEOs 3, 5).

Prerequisites by Topics: Topics covered in prerequisite courses.

Topics Covered:

• Balance Sheet

• Return on Investment Analysis

• Break-even Point Analysis

• Time Value of Money and Cash Flow

• Depreciation

• Taxes

• Replacement Analysis

• Economical Life Analysis

• Analysis of Multiple Alternatives and Multiple Criteria Decision-Making

Class Schedule: 240 minutes per week

Computer Usage: Popular software packages used in industry will be used to assist students in solving homework problems and projects.

Laboratory Projects: None

Relationship to Professional Component: Engineering Design: One credit hour, Engineering Science:  Three credit hours

Prepared by: Matthew S. Sanders                                                               Date: August 4, 2000