CHEMENG 4N04 - Engineering Economics and Problem Solving

4 unit(s)

Economic decision making with capital and operating cost estimation, taxation, depreciation, profitability, payback, net present value, interest rates and sensitivity analysis. Applications to design and operation of engineering systems, emphasizing safety, equipment performance, uncertainty, flexibility and troubleshooting. Students will work individually and in groups on problem-based projects.
Three lectures, one tutorial (two hours); first term
Prerequisite(s): CHEMENG 2O04 (or 3O04), CHEMENG 3K04, 3M04, 3P04, 3G04; registration in the final level of any Chemical Engineering program
Antirequisite(s): ENGINEER 2B03