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MECH 408 - Applied Engineering Economy

  • 3 credits
View available sections

How do individuals make personal decisions in everyday life (e.g., do I buy or rent)? How do firms make decisions about capital-intensive engineering efforts that maximize their profit (e.g., buy a fleet of electric vehicles)? How do government agencies justify policy decisions in the face of non-tangible future benefits (e.g., limiting greenhouse gas emissions)? In this course, students will learn and apply engineering economics principles to understand how individuals, firms and governments evaluate, justify and make decisions, with case examples in the arena of energy and the environment. Engineering economics employs mathematical techniques to evaluate the economic outcomes from a host of possible choices thereby providing a basis for rational decision-making. While the course title has the word “engineering” in it, the principles covered in this course comprise a toolset applicable to personal and public policy choices as well as engineering ones.

Prerequisite

MATH 161 (Calculus for Physical Scientists II (GT-MA1)); Credit not allowed for both MECH 408 and MECH 410

Textbooks and Materials

Section 801

Optional

  • Engineering Economic Analysis, 12th Ed.
    Newnan, Eschenbach, Lavelle

Textbooks and materials can be purchased at the CSU Bookstore unless otherwise indicated.

Instructors

Shantanu Jathar

9704918653 | shantanu.jathar@colostate.edu

Dr. Jathar is an Associate Professor of Mechanical Engineering at Colorado State University (CSU). His research interests lie at the intersection of energy and the environment and at CSU he leads the Laboratory for Air Quality Research. He and his research group leverage laboratory experiments, field measurements, and numerical models to study the emissions, evolution, and properties of fine particles (or aerosols) arising from energy and combustion sources. Current research projects range from the development of low-cost air pollution sensors for underserved communities to improving chemical mechanisms of atmospheric aerosols in chemistry-climate models.

 

He has a B.S. in Mechanical Engineering from the Government College of Engineering Pune, an M.S. in Mechanical Engineering from the University of Minnesota, and a Ph.D. in Engineering and Public Policy from Carnegie Mellon University. Additionally, he also worked as a postdoctoral scholar in Civil and Environmental Engineering at the University of California Davis. He has received more than $3 million in research funding as a lead investigator through NOAA, DOE, EPA, NSF, and the state of Colorado and an additional $4 million as co-investigator through EPA, NSF, and NASA. He has published more than 65 manuscripts in journals including Science, Nature, and PNAS.