IND3315 - Engineering economy

Leader: P J Gregory

Offered

Clayton Second semester 2007 (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: capital budgeting; project analysis under certainty and under risk; 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

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

Contact hours

36 lectures and 24 hours laboratory/practice classes per semester

Prerequisites

Must have passed 72 credit points including IND2400 (or IND2311) and IND2401 (or IND1332 or IND2332)

Prohibitions

IND3722, IND4722