CED214 - Engineering Economics
150 minutes / week
Shella Permatasari Santoso
About the course
Course description and learning objectives
Student completing this course will be able to describe the principles of management and perform an economic analysis in the corporate management from the engineering viewpoint
1. Principle of management
2. An overview on the decision making
3. Motivation, communication and leadership
4. Company as an organization, stock transaction and dividends
5. Introduction to a quantitative management
6. Integrated management quality control
7. The concept of time value of money, cash flow, depreciation, fixed capital, working capital and production costs
8. Profit analysis (Return on Investment, Pay Out Time, Payback Period, Net Present Value, Discounted Cash Flow Rate of Return, Break Even Point, sensitivity analysis)
1. Newman, D. G., Eschenbach, T. G., Lavelle, J. P., 2009, Enginering Economic Analysis, Oxford: Univ Press.
2. Peter, M. S., Timmerhaus, K. D., 1991, Plant Design and Economics for Chemical Engineers, 4th ed., New York: McGraw-Hill.
3. Ulrich, G. D., Vasudevan, P. T., 2004, Chemical Engineering: Process Design and Economics A Practical Guide, Durham: Process Publishing.
4. Mondy, R.W., Arthur S., Edwin B.F., 1988, Management Concepts and Practices, 4th ed, Allyn and Bacon, Inc.