DMT 340 - Economics of Digital Manufacturing Systems

MTH 118. (3)

Examination of techniques of economic analysis for systems technologists, engineers and leaders who evaluate and determine the financial attractiveness of multiple alternatives. Emphasis on economic feasibility and applying time value of money concepts to cost-volume-profit decisions. Topics include present worth, rate of return, benefit-cost, payback, break-even analysis, depreciation, economic optimization, and decision-making under uncertainty. Graded ABCDE