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L1 - Introduction

This document provides an introduction and overview of the Engineering Economics course. It introduces the instructor, Dr. Maazullah Khan, and teaching assistant, Ms. Sabahat Orakzai. The importance of the course for professional and personal decision making is discussed. An example decision between a bottle and submarine is presented. Key concepts like data, analysis, information, and decision making are defined. The reading material, course outline, assessments, and office hours are outlined. Success tips and references are also provided.

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Mukil
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51 views20 pages

L1 - Introduction

This document provides an introduction and overview of the Engineering Economics course. It introduces the instructor, Dr. Maazullah Khan, and teaching assistant, Ms. Sabahat Orakzai. The importance of the course for professional and personal decision making is discussed. An example decision between a bottle and submarine is presented. Key concepts like data, analysis, information, and decision making are defined. The reading material, course outline, assessments, and office hours are outlined. Success tips and references are also provided.

Uploaded by

Mukil
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Lecture # 1

Engineering Economics (MS-291)

Introduction
Dr. Maazullah Khan
PhD, MSc, MBA
Associate Professor of Practice
Department of Management Sciences GIKI
Your Teaching Team
• Course Instructor: Dr. Maazullah Khan
Office Hours:
PhD, MSc, MBA
• 10am – 5:00pm
Email: [email protected]
Only course related questions • Brabers Building, G3 Offices
• Please Book Appointments

• Teaching Assistant: Ms. Sabahat Orakzai


Email: [email protected]
Administration related questions

2
Why is this course important?
• To make informed decisions
– Professional
– Personal

3
Dragon’s Den
Bottle vs. Submarine

Pressa Bottle Two seaters Submarine

4
Decision Making
• Decision making is a science

Random

Decisions

Calculated
Management
• Decision making is a science

Random
X
Decisions

Calculated 
Analysis

The art of transforming data into information that is useful for


informed decision making.

Keywords:
• Data
• Transformation
• Information
• Decision
Key Words
• Data
• Transformation => Analysis
• Information
• Decision Making
Decision Making Process

Useful
Data Analyze Decision
Info
Book to Follow

Engineering Economy (Seventh Edition)


By
Leland Blank, and Anthony Tarquin, McGraw
Hill Publisher

10
Course Outline and Tentative Lecture Plan

Week Contents Reading Material


Foundation of Engineering Economy, Various Cost Chapter 1 (Blank & Tarquin 2012)
Week 1 Concepts
to Factors: How Time and Interest Affect Money Chapter 2 (Blank & Tarquin 2012)
Week 4
Combining Factors and Spreadsheet Functions Chapter 3 (Blank & Tarquin 2012)

11
Course Outline and Tentative Lecture Plan

Week Contents Reading Material


Nominal and Effective Interest Rates Chapter 4 (Blank & Tarquin 2012)
Week 5
to
Present Worth Analysis Chapter 5 (Blank & Tarquin 2012)
Week 8

Annual Worth Analysis Chapter 6 (Blank & Tarquin 2012)

Week 9 Mid Term

12
Course Outline and Tentative Lecture Plan

Week Contents Reading Material


Week 10 Rate of Return Analysis: Single Project Chapter 7 (Blank & Tarquin 2012)
to
Week 13 Rate of Return Analysis: Multiple Alternatives Chapter 8 (Blank & Tarquin 2012)

Week 14 Benefit/Cost Analysis and Public Sector Chapter 9 (Blank & Tarquin 2012)
to Economics
Week 15 Environmental impact assessment Miscellaneous

Week 16 Final Term

13
Course Map
• Ch 1 – 4: Tools
• Ch 5 – 9: Analysis

14
Assessments
• Class Participation 05% Quizzes
• Assignments 10% • Quiz # 1:
Pre-Midterm
• Quiz 15% • Quiz # 2:
• Midterm 30% • Quiz # 3:
Post-Midterm
• Final Exam 40% • Quiz # 4:

• Attendance: Must meet minimum


requirement 80%
15
Course Delivery and Assessment
• Course Outline
– Uploaded on CMS
• Assignments
– Uploaded on CMS
– Collected through CMS
• Quizzes
– MS Teams
• Lectures
– MS Teams
16
Success Recipe – In Class Teaching
• Be attentive during lectures and take notes
• Book reading
• Get rid of procrastination. Late submissions are NOT allowed.
• Use of cell phones NOT allowed during class hours.
• Discussions not allowed during class hours
• Raise your hand if you have any questions.
• Be on time. If you are more than 3min late, you will be marked absent.

17
Office Hours
• Brabers Building, G3 Offices
• Please book appointment
• My email is [email protected]
• Miss Sabahat’s email is [email protected]

18
Thank You

Any Questions?
Email: [email protected]

Teaching Assistant: Ms. Sabahat Orakzai


[email protected]
References
• Engineering Economy 7th Edition by Leland Blank, Anthony Tarquin [ISBN-
10: 0073376302]

• Videos from Dragon’s Den are copy righted. We are using it only for educational
purposes.

20

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