Post on 16-Jan-2016
CIVL 4111Engineering Economics
Dr. Roger MeierES 112C / 678-3284
rwmeier@memphis.edu
“… [engineering] is the art of doing that well with one dollar which any
bungler can do with two ...”
– Arthur Mellon Wellington, 1887The Economic Theory of Railway Location
Engineering Economics
Engineering economics is about making decisions regarding
engineering projects based ontheir economics.
Economic Decision-Making
1. Recognize and define the problem or opportunity
2. Generate a reasonable set of alternative solutions
3. Gather information and generate cash flows
4. Define the evaluation criteria
5. Evaluate the alternatives
6. Select and implement the best alternative
CIVL 4111
CIVL 4111
Homework problems will be assigned from the textbook
after nearly every class. You should make a concerted
effort to at least try all of the problems. The only way to
make it through a 5-problem exam in 55 minutes is if
you've done those types of calculations before.
Homework Assignments
Homework Assignments
All homework will be due at the beginning of the next
class period. That means 8:00, not 8:05 or 8:10. Late
homework will not be accepted. If you are unable to
complete an assignment on time, contact me before it
is due to make alternate arrangements. I will not accept
homework delivered by e-mail.
Homework Assignments
Homework should be neatly written on engineering
paper (not graph paper or lined notebook paper) using
one side only. All of the solution steps must be included
and must be clearly identified. The calculations should
flow down the page with just one calculation on each
line. The final answer should be boxed or underlined. If
I can't follow your solution, it's wrong.
Homework Assignments
Homework Assignments
When you turn your homework in, please make sure it
is stapled in the upper left corner then fold it in half
lengthwise and write your name on the staple side
(the side with the punched holes) near the top edge.
I will return the homework to you by passing around an
alphabetized stack and this will make it easy for you to
find yours in the stack.
Homework Assignments
Homework will not be "corrected" per se. Instead, for
each assigned problem, you will earn one check () for
working the problem through to a solution and another
check () if your solution is correct.
Homework Assignments
On the last day of class, if you have accrued at least
60% of the maximum possible number of check marks,
you may elect to either (a) drop your lowest one-hour
test score and take the final exam or (b) skip the final
exam and use your one-hour test score average as
your final class score.
Homework Assignments
I encourage you to work together on the homework, but
you must do your own work. If what you hand in is
simply a copy of another student’s homework, both will
be returned with a grade of zero.
Homework Assignments
I realize that solution manuals are available online.
Copying solutions from a solution manual is cheating,
and violates the University of Memphis Code of Student
Rights and Responsibilities. If you are caught using a
published solution manual, you will (a) lose your right to
have your lowest test grade dropped and (b) have your
final course grade lowered by one letter grade.
Homework Assignments
There will be 3 one-hour exams plus a comprehensive
two-hour final exam. All exams will be closed-book and
closed-note but you will be provided with a copy of the
Engineering Economics chapter from the NCEES FE
Supplied-Reference Handbook at the start of each test.
Examinations