E M 505 Finance for Technical Systems
Learning Outcomes
Upon satisfactory completion of the course, students will be able to:
- Perform sound engineering economic evaluations of technical systems.
- Integrate time value of money, rate of return, net present value, and benefit/cost analyses into financial planning.
- Accurately interpret financial statements and apply them to tactical and strategic planning.
- Use engineering economy as the mathematical foundation for on-the-job financial planning of production, cost estimation, activity-based management, capital budgeting, and related trade-off analyses.
- Incorporate sensitivity analysis, real options, and risk and probability to address economic decision-making under uncertainty.
- Explain the importance of a strong corporate ethics program.
- Persuasively justify economics-based decisions to executive leadership using relevant tools and techniques.
Course Topics
- Corporate Ethics
- Time Value of Money Factors
- Excel Financial and Optimization Functions
- Nominal and Effective Interest Rates
- Net Present Value
- Future Worth
- Annual Worth
- Life Cycle Cost
- Rate of Return for Single and Multiple Alternatives
- Benefit/Cost Analysis and Public Sector Economics
- Financial Statements Overview
- Activity-Based Management
- Earned Value Management
- Project Financing and Non-economic Attributes
- Replacement and Retention Decisions
- Independent Projects with Budget Limitations
- Breakeven and Payback Analysis
- Capital Budgeting
- Inflation
- Cost Estimation and Indirect Cost Allocation
- Taxes and Depreciation
- Sensitivity Analysis and Staged Decisions
- Decision Making under Risk and Uncertainty
Request More Information
To find out more, please fill in the form or email etm@wsu.edu.
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