Self-routing autonomous robots by IUE engineers
An autonomous robot that can re-route using artificial intelligence, when it encounters an obstacle, has been developed with the project ...
Course Name |
Engineering Economics
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Code
|
Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
|
ECTS
|
IE 215
|
Fall/Spring
|
3
|
0
|
3
|
5
|
Prerequisites |
None
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|||||
Course Language |
English
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|||||
Course Type |
Elective
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|||||
Course Level |
First Cycle
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Mode of Delivery | - | |||||
Teaching Methods and Techniques of the Course | Problem SolvingLecture / Presentation | |||||
National Occupation Classification | - | |||||
Course Coordinator | ||||||
Course Lecturer(s) | ||||||
Assistant(s) | - |
Course Objectives | To introduce the fundamental concepts of economic analysis for engineering and managerial decision making, to explain how these will affect the functioning of an engineering company and contribute to decision making in engineering operations. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Learning Outcomes |
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Course Description | Economic analysis for engineering and managerial decision making. Techniques for evaluating the worth of prospective projects, investment opportunities and design choices. Interest and time value of money, methods for evaluation of alternatives: present worth, annual equivalent worth, rate of return, and payback method. Inflation, after tax economic analysis. Sensitivity and risk analysis. |
|
Core Courses | |
Major Area Courses | ||
Supportive Courses | ||
Media and Management Skills Courses | ||
Transferable Skill Courses |
Week | Subjects | Related Preparation | Learning Outcome |
1 | Engineering Economic Decisions | Fundamentals of Engineering Economics, Chapter 1 | |
2 | Time Value of Money | Fundamentals of Engineering Economics, Chapter 2 | |
3 | Time Value of Money | Fundamentals of Engineering Economics, Chapter 2 | |
4 | Time Value of Money | Fundamentals of Engineering Economics, Chapter 2 | |
5 | Understanding Money Management | Fundamentals of Engineering Economics, Chapter 3 | |
6 | Equivalance Calculations Under Inflation | Fundamentals of Engineering Economics, Chapter 4 | |
7 | Midterm Exam | ||
8 | Present Worth Analysis | Fundamentals of Engineering Economics, Chapter 5 | |
9 | Annual Equivalence Analysis | Fundamentals of Engineering Economics, Chapter 6 | |
10 | Rate of Return Analysis | Fundamentals of Engineering Economics, Chapter 7 | |
11 | Benefit-Cost Analysis | Fundamentals of Engineering Economics, Chapter 8 | |
12 | Accounting for Depreciation and Income Taxes | Fundamentals of Engineering Economics, Chapter 9 | |
13 | Project Cash Flow Analysis | Fundamentals of Engineering Economics, Chapter 10 | |
14 | Review Semester | ||
15 | Review Semester | ||
16 | Final Exam |
Course Notes/Textbooks | Fundamentals of Engineering Economics, 3rd ed., Chan S. Park, PrenticeHall.. |
Suggested Readings/Materials | Contemporary Engineering Economics, Chan S. Park, 3rd ed., PrenticeHall.Engineering Economy, Leland Blank, Anthony Tarquin, McGrawHill.Principles of Engineering Economic Analysis, John A. White, Marvin H. Agee, Kenneth E. Case, Wiley. |
Semester Activities | Number | Weigthing | LO 1 | LO 2 | LO 3 | LO 4 | LO 5 |
Participation | |||||||
Laboratory / Application | |||||||
Field Work | |||||||
Quizzes / Studio Critiques |
1
|
15
|
|||||
Portfolio | |||||||
Homework / Assignments |
1
|
15
|
|||||
Presentation / Jury | |||||||
Project | |||||||
Seminar / Workshop | |||||||
Oral Exams | |||||||
Midterm |
1
|
35
|
|||||
Final Exam |
1
|
35
|
|||||
Total |
Weighting of Semester Activities on the Final Grade |
3
|
60
|
Weighting of End-of-Semester Activities on the Final Grade |
1
|
40
|
Total |
Semester Activities | Number | Duration (Hours) | Workload |
---|---|---|---|
Theoretical Course Hours (Including exam week: 16 x total hours) |
16
|
3
|
48
|
Laboratory / Application Hours (Including exam week: '.16.' x total hours) |
16
|
0
|
|
Study Hours Out of Class |
14
|
3
|
42
|
Field Work |
0
|
||
Quizzes / Studio Critiques |
1
|
12
|
12
|
Portfolio |
0
|
||
Homework / Assignments |
2
|
7
|
14
|
Presentation / Jury |
0
|
||
Project |
0
|
||
Seminar / Workshop |
0
|
||
Oral Exam |
0
|
||
Midterms |
1
|
14
|
14
|
Final Exam |
1
|
20
|
20
|
Total |
150
|
#
|
PC Sub | Program Competencies/Outcomes |
* Contribution Level
|
||||
1
|
2
|
3
|
4
|
5
|
|||
1 |
To have knowledge in Mathematics, science, physics knowledge based on mathematics; mathematics with multiple variables, differential equations, statistics, optimization and linear algebra; to be able to use theoretical and applied knowledge in complex engineering problems |
-
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-
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-
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-
|
-
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2 |
To be able to identify, define, formulate, and solve complex mechatronics engineering problems; to be able to select and apply appropriate analysis and modeling methods for this purpose. |
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-
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-
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-
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-
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3 |
To be able to design a complex electromechanical system, process, device or product with sensor, actuator, control, hardware, and software to meet specific requirements under realistic constraints and conditions; to be able to apply modern design methods for this purpose. |
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-
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-
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-
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-
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4 |
To be able to develop, select and use modern techniques and tools necessary for the analysis and solution of complex problems encountered in Mechatronics Engineering applications; to be able to use information technologies effectively. |
-
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-
|
-
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-
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5 |
To be able to design, conduct experiments, collect data, analyze and interpret results for investigating Mechatronics Engineering problems. |
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-
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6 |
To be able to work effectively in Mechatronics Engineering disciplinary and multidisciplinary teams; to be able to work individually. |
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-
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-
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-
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-
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7 |
To be able to communicate effectively in Turkish, both in oral and written forms; to be able to author and comprehend written reports, to be able to prepare design and implementation reports, to present effectively, to be able to give and receive clear and comprehensible instructions. |
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-
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-
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-
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-
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8 |
To have knowledge about global and social impact of engineering practices on health, environment, and safety; to have knowledge about contemporary issues as they pertain to engineering; to be aware of the legal ramifications of engineering solutions. |
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-
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9 |
To be aware of ethical behavior, professional and ethical responsibility; information on standards used in engineering applications. |
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10 |
To have knowledge about industrial practices such as project management, risk management and change management; to have awareness of entrepreneurship and innovation; to have knowledge about sustainable development. |
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-
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11 |
Using a foreign language, he collects information about Mechatronics Engineering and communicates with his colleagues. ("European Language Portfolio Global Scale", Level B1) |
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-
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-
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-
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12 |
To be able to use the second foreign language at intermediate level. |
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-
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-
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-
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13 |
To recognize the need for lifelong learning; to be able to access information; to be able to follow developments in science and technology; to be able to relate the knowledge accumulated throughout the human history to Mechatronics Engineering. |
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-
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-
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-
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-
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*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
An autonomous robot that can re-route using artificial intelligence, when it encounters an obstacle, has been developed with the project ...
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