This course is mainly concerned with economic analysis for engineering and managerial decision making. It consists of techniques for evaluating the worth of prospective projects, investment opportunities and design choices.

Course content: Lecture Notes
Basics of financial accounting. Preparation of balance sheet, income statement and flow of funds statement. Inventory valuation and depreciation methods. Basics of accounting. Definition of costs. Absorption cost techniques, with an emphasis on allocation of overhead in manufacturing organizations.
Inquiry and research. Methods of science. Fundamental systems concepts and notions. Systems thinking as a mode of inquiry; historical and methodological account. Contrasting and clarifying the systems position vis-à-vis science. The relation between systems thinking and operational research. Principal stains of systems thinking and the systems approaches.

Course Content: Video LessonPresentation

Inquiry and research. Methods of science. Fundamental systems concepts and notions. Systems thinking as a mode of inquiry; historical and methodological account. Contrasting and clarifying the systems position vis-à-vis science. The relation between systems thinking and operational research. Principal stains of systems thinking and the systems approaches.

This course is designed to give students fundamentals of Total Quality Management with emphasis on contemporary quality planning, control and management approaches, implementations and criticisms.
Course Content: Lecture Notes