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

Course Website

www.ce.memphis.edu/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