IND3315

Engineering economy ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: P J Gregory

Offered:
Clayton Second semester 2006 (Day)

Synopsis: Introduction to financial planning and control: structure and content of financial statements: accounting and costing terminology: Cost Volume Profit analysis: budgeting, product costing, cost control: time value of money: discounted cash flow, payback and accounting rate of return methods for project evaluation: cost of capital, depreciation and taxation issues: working capital management: financial and non-financial indicators to monitor organisational performance and productivity improvement: application to projects incorporating methods engineering and facilities design improvements.

Assessment: Examination (3 hours): 70% + Assignments: 30%

Contact Hours: 22 lectures, 22 hours laboratory/practice classes

Prohibitions: IND3722, IND4722