Forest Engineering

FE3603Economic Decision-Making for Engineers3 ch (3C)

Economic and financial decision tools and methods for engineers as managers. Major topics include: time value of money calculations and applications; cost behaviours and relationships; business structures, goals and financing; financial management and its relationship to operations management; financial analysis for planning and control; concepts of accounting; income tax impacts on decisions; equipment costing and replacement analyses; capital budgeting and capital investment analysis.