715.641.8VL - Engineering Economics

Course Structure

he course materials are divided into modules which can be accessed by clicking Modules on the course menu. A module will have several sections including the overview, content, readings, discussions, and assignments. You are encouraged to preview all sections of the module before starting. Most modules run for a period of seven (7) days, exceptions are noted in the Course Outline. You should regularly check the Calendar and Announcements for assignment due dates.

Course Goals

To Identify and analyze different decision-making strategy based on financial portfolio of alternatives.
Understand and implement the time value of money principles into the decision analysis.
Understand and apply the principles of Complex decision on Mathematics and Psychology.

Textbooks

Sullivan, W.G., Wicks, E.M., and Wilck, J. H. (2025), Engineering Economy, Eighteenth Edition, Pearson Education, Inc. (Published: June 13, 2024), ISBN: 13-9780138096823 (available in eBook version also)

Can be used: Seventeenth Edition (2019), (Published: August 1, 2021), ISBN: 13-97801367533138 (also available in eBook version)

Other Materials & Online Resources

References:

Russell, Roberta S. and Taylor III, Bernard, E. (2011), Operations Management: Creating Value Along the Supply Chain, Seventh (or Later) Edition, John Wiley & Sons, ISBN: 978-0-470-52590-6.

 Saaty, Thomas L. (2008). Decision Making for Leaders: The Analytic Hierarchy Process for Decisions in a Complex World. Pittsburgh, Pennsylvania: RWS Publications. ISBN: 978-0-9620317-8-6.

Required Software

OPTIONAL: Excel or any spreadsheet software will be helpful 

Student Coursework Requirements

Grading Policy

Course Policies

Class Policy:

1. All out-of-class assignments must be typed / computer generated and electronically submitted.
2. All out-of-class assignments must be submitted in the form of a report using APA format.
3. To test the calculations and related answers, AI systems (such as ChatGPT) can be utilized but the report must include the philosophical procedure.
4. Grades will be provided for every assignment. Weighted accumulation of all grades during the semester will determine the final letter grade.
5. Quizzes will be given randomly and unannounced.
6. NO makeup examination, assignment, and quiz.
7. It is students’ responsibility to maintain the schedule of assignments and covered materials.
8. Students are REQUIRED to attend every class ON TIME.
9. Students are expected to follow academic honesty and ethics. Adapting any unfair means during examinations, assignment(s) and quizzes will result in an F grade for the semester.
10. Individual examination grades MAY be adjusted with median transformation method. Final letter grade MAY be adjusted on portfolio grading system.
11. An incomplete and/or wrong answer to a question receives “ZERO” for that problem. A partial credit MAY be given based on the professional judgment of the grader and is NOT negotiable.
12. Students are expected to understand and abide by the code of student conduct and disciplinary procedures of Johns Hopkins University policy including all the amendments approved after the recent publication.

Academic Policies

Deadlines for Adding, Dropping and Withdrawing from Courses

Students may add a course up to one week after the start of the term for that particular course. Students may drop courses according to the drop deadlines outlined in the EP academic calendar (https://ep.jhu.edu/student-services/academic-calendar/). Between the 6th week of the class and prior to the final withdrawal deadline, a student may withdraw from a course with a W on their academic record. A record of the course will remain on the academic record with a W appearing in the grade column to indicate that the student registered and withdrew from the course.

Academic Misconduct Policy

All students are required to read, know, and comply with the Johns Hopkins University Krieger School of Arts and Sciences (KSAS) / Whiting School of Engineering (WSE) Procedures for Handling Allegations of Misconduct by Full-Time and Part-Time Graduate Students. This policy prohibits academic misconduct, including but not limited to the following: cheating or facilitating cheating; plagiarism; reuse of assignments; unauthorized collaboration; alteration of graded assignments; and unfair competition. Course materials (old assignments, texts, or examinations, etc.) should not be shared unless authorized by the course instructor. Any questions related to this policy should be directed to EP’s academic integrity officer at ep-academic-integrity@jhu.edu.

Students with Disabilities - Accommodations and Accessibility

Johns Hopkins University is committed to providing welcoming, equitable, and accessible educational experiences for all students. If disability accommodations are needed for this course, students should request accommodations through Student Disability Services (SDS) as early as possible to provide time for effective communication and arrangements.  For further information about this process, please refer to the SDS Website.

Student Conduct Code

The fundamental purpose of the JHU regulation of student conduct is to promote and to protect the health, safety, welfare, property, and rights of all members of the University community as well as to promote the orderly operation of the University and to safeguard its property and facilities. As members of the University community, students accept certain responsibilities which support the educational mission and create an environment in which all students are afforded the same opportunity to succeed academically.  For a full description of the code please visit the following website: https://studentaffairs.jhu.edu/policies-guidelines/student-code/

Classroom Climate

JHU is committed to creating a classroom environment that values the diversity of experiences and perspectives that all students bring. Everyone has the right to be treated with dignity and respect. Fostering an inclusive climate is important. Research and experience show that students who interact with peers who are different from themselves learn new things and experience tangible educational outcomes. At no time in this learning process should someone be singled out or treated unequally on the basis of any seen or unseen part of their identity.    If you have concerns in this course about harassment, discrimination, or any unequal treatment, or if you seek accommodations or resources, please reach out to the course instructor directly. Reporting will never impact your course grade. You may also share concerns with your program chair, the Assistant Dean for Diversity and Inclusion, or the Office of Institutional Equity. In handling reports, people will protect your privacy as much as possible, but faculty and staff are required to officially report information for some cases (e.g. sexual harassment).

Course Auditing

When a student enrolls in an EP course with “audit” status, the student must reach an understanding with the instructor as to what is required to earn the “audit.” If the student does not meet those expectations, the instructor must notify the EP Registration Team [EP-Registration@exchange.johnshopkins.edu] in order for the student to be retroactively dropped or withdrawn from the course (depending on when the "audit" was requested and in accordance with EP registration deadlines). All lecture content will remain accessible to auditing students, but access to all other course material is left to the discretion of the instructor.