Camille - Deyong@okstate - Edu: IEM 3503 - Engineering Economic Analysis Course Syllabus - Spring 2019 I

IEM 3503 - Engineering Economic Analysis
Course Syllabus – Spring 2019
INSTRUCTOR
Dr. Camille DeYong aka Professor DeYong……NOT Ms. or Mrs. DeYong
217 GAB, 744-9131
email: [email protected]
Office Hours: MTTh: 2:00 – 3:30 p.m., or by appointment
TEACHING ASSISTANT
Suhao Chen
209 GAB;
email: [email protected]
COURSE TIME
Class Sessions: Monday/Wednesday/Friday, 11:30 a.m. – 12:20 p.m., ATRC 102
CATALOG DESCRIPTION
Development and use of time value of money interest formulas. Bases for comparison of
alternatives, including present worth, annual worth, rate of return and payout period methods.
Decision-making among independent, dependent, capital-constrained and un-equal lived
projects. Replacement, break-even, and minimum cost analyses. Depreciation and depletion
methods and their effect on corporate income taxes, leading to after-tax cash flow analysis.
PREREQUISITES
Calculus II
Basic knowledge of Excel is assumed.
TEXT
Newnan, D., T. Eschenbach, J. Lavelle and N. Lewis, Engineering Economic Analysis, 13th
edition, New York: Oxford University Press, 2017. ISBN: 9780190296902
Note! This edition of the text is recommended, but not required. Previous editions (11th
and 12th) would be fine.
REFERENCES
Blank, L.T. and A.J. Tarquin, Engineering Economy, 5th edition, Boston, MA: McGraw-Hill,
2002.
White, J.A., K. S. Grasman, K.E. Case, K. LaScola Needy and D.B. Pratt. Fundamentals of
Engineering Economic Analysis, 1st edition, John Wiley & Sons, 2014.
Sullivan, W., E. Wicks and j. Luxhoj, Engineering Economy, 12th edition, Upper Saddle River,
NJ: Prentice Hall.
Thuesen, G. J. and W.J. Fabrycky, Engineering Economy, 9th edition, Upper Saddle River, NJ:
Prentice Hall.
COURSE MATERIALS
Course materials will be available on Canvas. It will be imperative that each student check the
website regularly. This is the primary way I will communicate with you. If I need to email
the class, I will use the classlist on Canvas. Please make sure the site is pointing to your
preferred e-mail address.
COURSE OBJECTIVES
1. To develop within the student an appreciation of the relationship of engineering practice to
the economics of satisfying the wants of people.
2. To develop skills in transforming problem statements into the appropriate format for
solution, including a clear structuring of alternatives.
3. To prepare the student to determine the relative economic worth of engineering proposals,
emphasizing that economic feasibility is an essential prerequisite of successful engineering
application.
4. To introduce and develop the concepts of the time value of money.
5. To develop a practical working knowledge of the effects of interest, depreciation &
depletion, and useful life on the after-tax cash flows of an investment.
COURSE OUTCOMES
1. an ability to formulate engineering economy problems.
2. an ability to account for time value of money using engineering economy factors and
formulas.
3. an ability to determine the economic worth of a single project.
4. an ability to compare multiple projects based on economic measures of worth.
5. an understanding of the importance of considering taxes, depreciation, and inflation.
6. an understanding of the mechanics of commercial loans – payments, interest, and
principal.
METHOD OF INSTRUCTION
The course will be taught using a mixture of lecture, problems and active learning.
Attendance
Research has shown there is a strong relationship between class attendance and the course
grade earned (Crede, et al, 2010). Therefore, it is expected that students will attend every
class. Roll will be taken periodically and absences noted.
Homework/Quizzes
Homework will be assigned periodically during the semester (~once/week). Homework will be need to
be scanned and uploaded to the dropbox on D2L. In addition, ‘pop’ quizzes may be given at random
times throughout the semester. The quizzes may be in-class or take-home. The HW/Quiz grade will be
calculated by adding all the points earned, divided by the points possible. This percentage will be
multiplied by 50. NO MAKEUP QUIZZES WILL BE ALLOWED. LATE HOMEWORK WILL BE
ACCEPTED FOR 50% credit until the key is posted. The lowest HW or quiz grade will be
dropped.
Exams
Three fifty minute examinations, as well as a comprehensive final examination will be given.
Exams are closed book with one 8½ X 11-inch page of notes allowed per exam. The note
pages are cumulative (i.e., on the second exam you are allowed two pages, on the third, three
pages, etc.). One exam grade will be dropped.
NO MAKEUP EXAMS WILL BE GIVEN. IF YOU HAVE TO MISS AN EXAM, YOU WILL
DROP THAT EXAM SCORE. All students must take the final exam.
GRADING
A student's course grade will be based on total points accumulated. Possible points are:
Three hour exams @ 100 points each 200

(drop one)
HW/Quizzes 50
(drop lowest HW or Quiz score)
Final Exam 150
Total Points Available 400
Letter grades will be determined as follows:
Total Points Accumulated Grade

360 – 400 A
320 – 359 B
280 – 319 C
240 – 279 D
<240 F
A student earning the above stated points is assured the specified grade. The instructor
reserves the right to lower the scale as circumstances warrant.
DISCLAIMER
The instructor reserves the right, when necessary, to alter the grading policy, change
examination dates, and modify the syllabus and course content. Modifications will be
announced in class. Students are responsible for announced changes.
ACADEMIC INTEGRITY POLICY

Oklahoma State University is committed to the maintenance of the highest standards of integrity and ethical
conduct of its members. This level of ethical behavior and integrity will be maintained in this course. Participating
in a behavior that violates academic integrity (e.g., unauthorized collaboration,
plagiarism, multiple submissions, cheating on examinations, fabricating
information, helping another person cheat, unauthorized advance access to
examinations, altering or destroying the work of others, and fraudulently altering
academic records) will result in your being sanctioned. Violations may subject you to
disciplinary action including the following: receiving a failing grade on an assignment,
examination or course, receiving a notation of a violation of academic integrity on
your transcript, and being suspended from the University. You have the right to
appeal the charge. Contact the Office of Academic Affairs, 101 Whitehurst, 405-744-
5627, academicintegrity.okstate.edu.
Additional information about university policies and important dates can be found in the
Spring 2019 syllabus attachment posted on D2L, and at the end of the syllabus. The
document is also located at:
https://academicaffairs.okstate.edu/sites/default/files/Spring%202019%20Syllabus%20Attachment.pdf
IEM 3503
Engineering Economic Analysis
Schedule
The schedule may will likely need to be adjusted as we progress through the semester –
changes will be announced in class and posted on Brightspace
Week Date Chapter Topic

1 Jan 14 1, 2 (CFD) Course Introduction; Making Economic Decisions;
Estimation
2 Jan 21 No class on Mon, 1/21

Jan 23 3 Interest and Equivalence
3 Jan 28 3, 4 Interest and Equivalence; P, F, A
4 Feb 4 4 P, F, A, Nominal/Effective Interest
5 Feb 11 5 Present Worth

Feb 13 Exam 1 Chapters 1-4
6 Feb 18 6 Annual Worth, Capital Recovery, Different Lives, Loans,
7 Feb 25 6, 7
8 Mar 4 7
9 Mar 11
Mar 13 Exam 2
10 Mar 18 SPRING BREAK Study Econ on the ski lift…..or the beach…or on the couch!
11 Mar 25 8 Incremental Analysis
12 Apr 1 9 FW, B-C, PBP, Sensitivity
13 Apr 8 9
14 Apr 15
15 Apr 22
Apr 24 Exam 3
16 Apr 29
EXAMS
Wednesday, Feb 13 Exam 1
Wednesday, Mar 13 Exam 2
Wednesday, Apr 24 Exam 3
Final Exam: 10:00 – 11:50 a.m. - Wednesday, May 8, 2019
References: Crede M., Roch S.G., Kieszczynka U.M. 2010. “Class attendance in college: A
meta-analytic review of the relationship of class attendance with grades and student
characteristics.” Review of Educational Research, 80(2) , pp. 272-295

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IEM 3503 - Engineering Economic Analysis

Course Syllabus – Spring 2019

Three hour exams @ 100 points each 200

Letter grades will be determined as follows:

Total Points Accumulated Grade

ACADEMIC INTEGRITY POLICY

Week Date Chapter Topic

2 Jan 21 No class on Mon, 1/21

3 Jan 28 3, 4 Interest and Equivalence; P, F, A

4 Feb 4 4 P, F, A, Nominal/Effective Interest

5 Feb 11 5 Present Worth

6 Feb 18 6 Annual Worth, Capital Recovery, Different Lives, Loans,

11 Mar 25 8 Incremental Analysis

12 Apr 1 9 FW, B-C, PBP, Sensitivity

Final Exam: 10:00 – 11:50 a.m. - Wednesday, May 8, 2019

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