1. INTRODUCTION TO ENGINEERING ECONOMY BE 2326 DOUGLAS RITTMANN, PhD, P.E. INSTRUCTOR

2. This course covers the basics of economic analysis from an engineering perspective. Because cost is such an important component in decision-making, various techniques for comparing alternatives on an economic basis are presented. Other topics include depreciation, inflation considerations, cost estimating, and sensitivity analysis. After completing the course, the student should be able to identify which alternative should be selected from two or more mutually exclusive alternatives on the basis of economic considerations. Course Description

3. “The attitude at the beginning of a task is what determines its outcome” PHILOSOPHY “Inch by Inch is a cinch but by the Yard is too Hard”

4. Philosophy of “Practice makes Perfect” "Practice is everything. This is often misquoted as Practice makes perfect." Periander "It's not necessarily the amount of time you spend at practice that counts; it's what you put into the practice." Eric Lindros "Practice is the best of all instructors" Publilius Syrus "When you are not practicing, remember, someone somewhere is practicing, and when you meet him he will win" Ed Macauley "An ounce of practice is worth more than tons of preaching." Mahatma Gandhi

5. “A” Student Study Recommendations 1. Write math problems on front of index cards and answers on back. 2. Study 2 hours per classroom hour 3. There are about 60 problems over 14 chapters. 4.Each hour exam has 20 problems. Tests 2-5 have 10 new problems. The top 10 most frequently missed problems repeat on next exam. 5. Each problem has 4 variables. Solve problems for each variable given.

6. Textbook Information Required Text:Engineering Economy, 6 th ed. Authors:L.T. Blank and A.J. Tarquin

7. Organization and Method of Instruction The course will essentially be taught by the conventional lecture method. However, it can also be learned on a self-instructed basis via instructional and self-testing materials at two different sites on the World Wide Web (see URLs below). The first site resides at McGraw Hill and contains condensed explanations of the chapter materials, FE Exam review questions, T/F questions, multiple choice questions, spreadsheet examples, and links to various sites pertinent to economic analysis.. The second site is the instructor’s web site containing (1) Power point presentations (even more condensed than the written materials; (2) Answer Sheets for exams and quizzes; and (3) Practice Problems. The web site addresses are as follows:

8. Web Site Addresses: 1.http://highered.mcgraw-hill.com/sites/0072432349/http://highered.mcgraw-hill.com/sites/0072432349/ 2.www.mixeddisinfectants.com/ Click on educational training link on the home page.www.mixeddisinfectants.com/

9. Class and Test Schedule The exams will cover more than one chapter as shown in the class schedule. Missed exams or quizzes cannot be made up. Failure to take an exam or quiz by the specified date may require the student to take the final exam and substitute that grade for the missed exam(s).

10. Method of Evaluation The final course grade will be determined from the grades on five exams, and four quizzes OR the final exam grade. The quiz average will count as one exam. The exams covering specified chapters will be given as shown on the attached schedule. A comprehensive final exam will be given which can be used to replace all or any missed exam(s) and quiz grades. The overall course average will be based on the highest of: 1). the 5 hour exams and 4 quizzes (1 exam equivalent) average OR 2). the final exam grade OR 3). the re-calculated average with final exam grade substituting for missed exams and quizzes. The course grade will be derived from the student’s overall average in accordance with the ranges shown in Table 1 below:

11. Table 1 – Grade Determination Final Average, % Course Grade ≥90-------------------------------------------------------------------------A 80-89----------------------------------------------------------------------B 70-79----------------------------------------------------------------------C 60-69----------------------------------------------------------------------D ‹60 ------------------------------------------------------------------------F

12. Instructor’s Objective The Class Average shall be at least 70% based on the highest grade from: 1). the Final Exam or 2). the average of the 5 exams & 4 quizzes.

13. Class Time and Place Time: 9:00 am to 10:20 am on T&TR Place: LA 106 Office: Eng Annex, Rm E101K

14. The question of life you should ask yourself is: Do I want to live a life of Discipline? OR Do I want to live a life of Regret?

15. QUESTIONS?