ENME 808J: Cost Analysis for Engineers

Cost Analysis for Engineers (An Introduction to Engineering Economics and Product Cost Modeling), Spring 2023
 

This course aims to provide students with an introduction to the financial and cost analysis aspects of product engineering. This course introduces key elements of traditional engineering economics including interest, present worth, depreciation, taxes, inflation, financial statement analysis, and return on investment.  This course also provides an introduction to cost modeling as it applies to product manufacturing and support.  Cost modeling topics will include manufacturing cost analysis, life-cycle cost modeling (reliability and warranty), and cost of ownership.

• Concepts taught as a part of the course

• The course will consist of Lectures, HW Assignments, and Multiple Exams. 
  • Textbooks Required :
    • Basics of Engineering Economy, 3nd Edition, L. Blank and A. Tarquin, McGraw Hill, 2014. 
    • Cost Analysis of Electronic Systems, 2nd Edition, P. Sandborn, World Scientific, 2017.

• Information for Advanced Special Students

  • Criteria for admission: There are three options to take UMD graduate courses without pursuing a graduate degree: Advanced Special Student Status, Visiting Graduate Student Status, or Golden Identification Cardholder Status (for Senior Citizens). Among these three options, the Advanced Special Student option is the most suitable option for most practicing engineers.
  • To qualify as an Advanced Special Student, you must
    • Have achieved a cumulative 3.0 (on a 4-point scale) average for work done at the undergraduate level, OR
    • Have earned a master’s, doctoral, or post-baccalaureate professional degree (MD, JD, DVM, etc.) from a regionally accredited institution, OR
    • Have attained a score that places you in the upper 50th percentile of an appropriate national standardized aptitude examination, such as the GRE, GMAT, or Miller Analogies Test, OR
    • Provide a letter of support from the graduate director of the degree program in which you plan to take a course (we will help applicants obtain this letter)
    • Submit a personal statement.
  • To apply, applicants must:  Submit a completed online application, which includes uploading official transcripts showing a bachelor’s degree from a regionally accredited institution and a personal statement.
  • Other information: If the interested prospective students are NOT US citizens or permanent residents, contact International Student and Scholar Services to determine how to apply for Advanced Special Student status. US citizens or permanent residents with international credentials can apply for Advanced Special Student Status here. To apply for Advanced Special Student status, international applicants may be required to submit results of English proficiency tests (TOEFL, IELTS or PTE) unless the Advanced Special Student applicant holds a degree from one of the waived countries. If an Advanced Special Student is not a native English speaker and does not have a degree from of those countries, then he/she MUST submit an English proficiency score to be considered for admission. Information on tuition and fees can be found here. Please visit the following website for more information.
  • Spring 2023 semester deadline (Advanced Special Student): The deadline for application is the first day of classes, January 25, 2023.
  • Course Registration: 
    • Students can register from Testudo
    • Advanced Special Students should register for section RE01. If there is confusion, please contact the Mechanical Engineering Graduate Office, at megrad@umd.edu, 301-405-8601.
  • Please take a look at the Advanced Special Student checklist for more information.

For more information about the Course, please contact Prof. Peter Sandborn