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Choice of material has implications throughout the life-cycle of a product, influencing many aspects of economic and environmental performance.
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Description
This course will provide a survey of methods for evaluating those implications. Lectures will cover topics in material choice concepts, fundamentals of engineering economics, manufacturing economics modeling methods, and life-cycle environmental evaluation.
Course content
- Introduction Unlimited
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- Introduction, Time Value of Money, Single Payment Discounting Unlimited
 - Value, Multi-payment Discounting, Non-uniform Cash Flows Unlimited
 - Effective Interest Rates Unlimited
 - Comparing Alternatives Unlimited
 - Dealing with Changing Prices Unlimited
 - Combining Concepts Unlimited
 
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 - Concepts of Materials Indices, Software Introduction (Guest lecturer: Jeremy Gregory) Unlimited
 - Material and Shape Selection Unlimited
 - Process Selection, In-class Examples Unlimited
 
- Using Cost Models: Concepts and Principles Unlimited
 - Tackling Variable Costs Unlimited
 - Modeling Fixed Costs Unlimited
 
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Instructor
Massachusetts Institute of Technology
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