Hakan Yaşarcan

Economic analysis for engineering decision making; the finance function in an industrial enterprise, time value of money; basic interest formulas; annual cost comparison; present value analysis; rate of return; depreciation and taxes; multiple alternatives; mathematical models for equipment replacement; introduction to decision analysis; concepts of cost engineering.

Economics and engineering decisions; principles of decision theory; generation and evaluation of alternatives; unconstrained and constrained optimization; duality and sensitivity analysis; application of LP; network models; simulation; case studies.