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Course Description
1.011 examines methodologies for evaluating civil engineering projects, which typically are large-scale, long-lived projects involving many economic, financial, social, and environmental factors. Basic techniques of engineering economics, including net present value analysis, life-cycle costing, benefit-cost analysis, and other approaches to project evaluation are among the topics covered. The course will also explore resource and cost estimation procedures appropriate for large-scale infrastructure systems as well as incorporating service quality, risk, environmental impacts, and other factors within the evaluation process. Examples are drawn from building design & construction, transportation systems, urban development, environmental projects, water resource management, and other elements of both the public and private infrastructure.
Required Text
Sullivan, William, James Luxhoj, and Elin Wicks. Engineering Economy. 12th ed. Upper Saddle River, NJ: Prentice Hall, 2002. ISBN: 0130673382.
Gradings
Gradings
| ACTIVITIES |
PERCENTAGES |
| Class Participation (Bonus) |
10% |
| Exams |
| Quiz 1 |
10% |
| Quiz 2 |
10% |
| Quiz 3 |
10% |
| Problem Sets |
| PS 1: Panama Canal Case Study |
5% |
| PS 2: Canal Cost Model |
5% |
| PS 3: Equivalence of Cash Flows |
5% |
| PS 4: Time is Money: Financing a Skyscraper |
5% |
| PS 5: Strategic Needs and Ranking Major Alternatives |
5% |
| PS 6: Cash Flow Models - Project Effectiveness (for your project) |
5% |
| PS 7: Social and Environmental Impacts (for your project) |
5% |
| Term Paper |
| Topic Overview |
5% |
| Presentation |
10% |
| Final Report |
20% |