Explores economic modeling and analysis techniques for selecting alternatives from potential solutions to an engineering problem. Considers measures of merit, such as present worth, annual worth, rate of return, and benefit/cost techniques. Examines recent techniques of economic analysis, especially the tools of decision-making. Explores decisions under uncertainty. Studies the causes of risk and uncertainty and examines ways to change and influence the degree of risk and uncertainty through sensitivity analysis, expectation-variance criterion, decision tree analysis, statistical decision techniques, and multiple attribute decision-making through group case studies.
Economic Decision Making Part 2
Gain insight into a topic and learn the fundamentals.
2 hours to complete
Flexible schedule
Learn at your own pace
Skills you'll gain
- Income Tax
- Tax Management
- Economics
- Financial Analysis
- Value Engineering
- Portfolio Risk
- Feasibility Studies
- Analysis
- Operational Analysis
- Risk Analysis
- Actuarial Science
- Depreciation
- Strategic Decision-Making
- Estimation
- Cost Benefit Analysis
- Capital Expenditure
- Capital Budgeting
- Decision Making
- Decision Tree Learning
- Data-Driven Decision-Making
- Skills section collapsed. Showing 12 of 20 skills.
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Recently updated!
January 2026
Assessments
1 assignment
Taught in English
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There is 1 module in this course
Depreciation might sound like pure accounting, but it's actually a powerful financial tool that directly impacts which engineering projects move forward. This week reveals how depreciation deductions reduce tax payments and improve after-tax cash flows—transforming a non-cash accounting entry into real economic value through strategic tax planning.
What's included
2 videos11 readings1 assignment
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