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Last updated:

November 30, 2022

Duration:

Unlimited Duration

FREE

This course includes:

Unlimited Duration

Badge on Completion

Certificate of completion

Unlimited Duration

Description

Choice of material has implications throughout the life-cycle of a product, influencing many aspects of economic and environmental performance.

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 Curriculum

  • Introduction Unlimited
    • 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
    • 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
    • Introduction: What is the Cost of Materials Usage? Unlimited
    • An Overview of Life Cycle Assessment Unlimited
    • Analysis Goal and Scope; Inventory Methods Unlimited
    • Impact Assessment Unlimited

About the instructor

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Instructor Rating

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Massachusetts Institute of Technology