Engineering Economy: Applying Theory to Practice

• Methods for comparing different investment alternatives: present worth, annual worth, future worth, internal rate of return, external rate of return, benefit-cost ratio, MARR

• Depreciation and income taxes, with emphasis on the Tax Reform Act of 1986

• Replacement analysis procedures

• Capital planning and budgeting, project selection

• Concept of sensitivity analysis when dealing with multiple parameters

• Decision making under conditions of risk and uncertainty

• Multiple Attribute Decision Making

• Monte Carlo Simulation