MECH 7133 - Engineering & Manufacturing Economics

This course gives to students a set of technical and analytical tools and concepts underlying manufacturing operations, process safety, the principles of engineering economics, statistical analysis, uncertainty and risk assessment within the context of manufacturing/production analysis and design. It describes and applies various concepts and techniques that have been developed to assist manufacturing managers in making decisions about the design and operation of manufacturing processes and systems, with the analysis emphasizing safety, economics, equipment performance, uncertainty, flexibility and monitoring, and equipment reliability. Software including discrete-event simulation and statistical analysis packages are used in combination with engineering economy tables and manual/computer calculations.