ENMG 662 - Financial Decision-Making in Engineering

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This course examines decision-making in engineering organizations based on comparisons of the investment worth of alternative courses of action with respect to their costs and/or incomes. The early part of the course focuses on the conventional mathematics of money. This mathematics is then applied to consideration of practical investment decisions, such as replacement, public sector investments, service industry investments, and decision making under incertainty. The course presents the overlapping aspects of accounting, finance, and investment analysis.