Course overview
This course will provide students with knowledge and skills in engineering economic analysis and investment appraisals. Financial statement analysis, budgeting and analysis of performance, analysing fixed and variable cost, allocation of indirect costs, analysis of product costs. Investment appraisal, net present value, internal rate of return, depreciation and taxation, multi-attribute analysis. Measures of investment worth under risk, utility theory, risk analysis, decision tree analysis.
Course learning outcomes
- Understand the principles of financial accounting and planning
- Assess the financial conditions of a manufacturing company
- Analyse different product costs in manufacturing
- Apply appropriate techniques for measuring the value of project investments for the company and the student's own interested business and provide authentic assessment feedback on those applications.
- Conduct effective decision analysis in the presence of multiple attributes, uncertainties, or risks