College of Engineering and Technology Department of Industrial Engineering Course Outline Course Number: (IE-0946710) Engineering Economics Instructor: Dr. Nabeel Yousef Title: Associate Professor Office: Department of Industrial Engineering Office Hours: Monday-Wednesday 2:30-3:30 Class Session: Wednesday 3:30 – 6:30 Email: yousefn@daytonastate.edu Department Homepage: http://engineering.ju.edu.jo/Departments/Home.aspx?DeptName=Industrial Engineering Course Description: This course includes Design analysis and sensitivity of complex economic systems with evaluation of economic system performance measures and modeling. The course emphasizes on economic evaluation of engineering alternatives. Primarily, course concerns are calculating project costs, incorporating interest rates, tax implications, risk, and depreciation to assess the relative worth of engineering and generic investment alternatives. Course prerequisites: Fundamentals of Engineering Economics Minimum Technical Requirements: Minimum technical skills required for the course is the ability to use MS Excel for creating and submitting files using a specific word processing or spreadsheet program. Student Learning Outcomes: Upon completion of this course, the student will be able to CO1: Formulate and solve time value of money problems. CO2: Choose and apply appropriate techniques to solve economic problems. CO3: Compare alternative solutions to make appropriate economic decisions. Page 1 of 4 CO4: Recognize the impact of engineering economics decisions in a global and societal context. Required Textbook(s): Contemporary Engineering Economics, 5/E Chan S. Park, 2010 Optional Materials: Capital Investment Analysis for Engineering and Management, by J. Canada, W. Sullivan and J. White. Prentice Hall, ISBN (0-13-311036-2) Topics Covered: Chapter 1 Engineering Economic Decisions Chapter 2 Accounting and Financial Decision-Making Chapter 3 Interest Rate and Economic Equivalence Chapter 4 Understanding Money and Its Management Chapter 5 Present-Worth Analysis Chapter 6 Annual Equivalent-Worth Analysis Chapter 7 Rate-of-Return Analysis Chapter 8 Cost Concepts Relevant to Decision Making Chapter 9 Depreciation and Corporate Taxes Chapter 10 Developing Project Cash Flows Chapter 11 Inflation and Its Impact on Project Cash Flows Chapter 12 Project Risk and Uncertainty Important Links: you may find the following links useful: University Library: https://library.ju.edu.jo/e/edefault.aspx Theses: https://theses.ju.edu.jo/Xdefault.aspx Research Collaboration: http://www.ju.edu.jo/Research/Lists/Research%20Collaborators/All_Items.aspx Deanship of Academic Research: http://research.ju.edu.jo/Home.aspx Evaluation/Assessment Methods: Students will be assessed and evaluated through the success of this course in achieving the intended outcomes through: Case Studies and/or Project that covers all objectives Exams to measure the understanding of the concepts within the mentioned objectives Grading Policy: Page 2 of 4 Grades are based on overall points accumulated on class participation/attendance, project, case studies, and exams. In addition, to successfully complete the course with a grade C or higher: Course Project 20% Assignments Midterm Final Exam TOTAL Points Available 10% 30% 40% 100% Classroom Policies Disclaimer: Teaching policies and regulations for this course are not open for discussion or negotiation. This syllabus has been constructed to be as complete as possible but is by no means a binding document. I reserve the right to alter policies, procedures, and the syllabus as needed. How to proceed through the course: Students should plan to have three hours of study time per week for each credit hour of class time. Example: when taking a typical 3 credit hour course, students should plan to spend at least 9 hours per week doing coursework and studying for that course regardless of the mode of delivery. Course information and Power Point lectures will be available for students at http://0946710.pbworks.com/w/page/85854520/%28IE0946710%29 Students are responsible for reading and completing required course work. Students are strongly advised to view lectures and read the syllabus carefully. Handling of assignments: • • • • All assignments are due on or BEFORE the scheduled due date and time. Absolutely NO late assignments will be accepted. All assignments must be submitted in a high-quality and professional manner. They should be wellwritten and understandable. The steps/methods of solving the problems should be clearly stated. Students are encouraged to collaborate outside of class to discuss and debate course concepts. However, all assignments MUST be completed and written up individually. Each student is required to turn in his or her own solutions. Assignment solutions are not allowed to be shared. Communication: Course communication should be through face to face or email. Students are encouraged to communicate through face to face during office hours. Page 3 of 4 Grading assignments and/or exams will be within seven to ten days. Attendance and Lateness Policy: Attendance is mandatory, you are allowed 15% of non-excused absence and 20% of excused absence. One time late will get a warning, after that lateness will not be excused and student will not be allowed in class. Exams: There will be two exams midterm and a final Exams will be given based on the college and the department exam schedules Excusal of a student from an exam due to an emergency such as student illness, family illness or death, etc. requires valid and provable documentation before the student is eligible for the makeup exam. The documentation must be given to the instructor NO LESS THAN 24 HOURS BEFORE the due date and NO MORE THAN 48 HOURS AFTER the due date. Makeup exams will be given towards the end of the semester, at a date announced by the instructor. The makeup exams may be different and more challenging than those administered on the original date Classroom Etiquette: No CELL PHONES allowed in the classroom. Any use of cell phone or smart devices will result taking the device until the end of the lecture. Your opinion in the class should be represented through proper discussions (professional and related to course material). If you have any complains related to the course or your grade it should be communicated to the instructor through email messages or during office hours. Forms of Academic Dishonesty Cheating- Cheating can be defined as: receiving or giving unauthorized assistance on a quiz, test, exam, paper, or project or unauthorized use of materials to complete such; collaborating with another person(s) without authorization on a quiz, test, exam, paper, or project; taking a quiz, test, or exam for someone else or allowing someone else to do the same for you. Plagiarism -Plagiarism can be defined as: submitting work in which words, facts, or ideas from another source are used without acknowledging that the material is borrowed whether from a published or unpublished source. For specific information on how to document information from other sources, students should check with their instructors, academic departments, or a recognized writing manual, such as the MLA or APA. Page 4 of 4