Engineering Finance

ME 353, Engineering Finance

Unique Numbers: 18165 - 18190, Spring 2016

Place and time:

The sections meet at specified times during the week. Each section has a different schedule. Click on your section number for a schedule of class meetings, homework assignments, and examinations. All sections meet in either ETC 3.112 or ETC 3.142. Click on your TA's name to send an e-mail message.  Note that the final exam dates may not correspond to the dates in the Course Schedule.


Final Exam



8 - 10 am

Ryan O'Donnell

Thu, May 12, 9-12 noon



8 - 10 am

Will Schievelbein

Thu, May 12, 9-12 noon



10 - 12 noon

Ryan O'Donnell

Thu, May 12, 9-12 noon



10 - 12 noon

Will Schievelbein

Thu, May 12, 9-12 noon



12 - 2 pm

Can Gokalp

Thu, May 12, 9-12 noon



6 - 8 pm

Can Gokalp

Thu, May 12, 9-12 noon

The official course organization including text references, lessons and homework assignments is maintained on the Canvas site for the class. You will need your UT EID to sign in. The lessons on this web site are related to the weekly schedule as shown in the document linked below. Click the icon to open the schedule in a separate window.

Lesson Schedule


Jonathan Bard, e-mail

ETC 5.126
Office hours:
Tues & Thur, 11:00 am - 12:30 pm, 3:30 pm - 5:00 pm, or by appointment

Teaching assistants:



Office Hours

ETC 5.138

Wednesday, 5:00 pm - 6:00 pm

Friday, 11:00 am - 12:00 pm

ETC 5.138

Monday, 2:00 pm - 4:00 pm

ETC 5.138

Wednesday, 1:00 pm - 3:00 pm

Class www page


A. Shtub, J.F. Bard, S. Globerson, Project Management: Processes, Methodologies, and Economics, Prentice Hall, Upper Saddle River, NJ, 2005 (get text book corrections)

Syllabus:  The purpose of this course is to relate engineering decisions to the larger goals of business and government.  Decisions made by design and manufacturing engineers require the expenditure of capital and affect the profitability of the organization.  In addition to technical competence, engineering decisions must have economic justification.  With this course the student will learn about the economic effects of decisions, methods for comparing engineering alternatives using economic criteria, and methods for the management of projects.  The professor and TAs are dedicated to continually improving the teaching/learning activities of this course.  We expect that the students will join us in this goal.

Grade Components:

Learning Activities:

0 - 30%


70 - 100%

(see exceptions below)

Grade Determination:

Average Score 90 - 100%


80 - 89%


70 - 79%


60 - 69%


Below 60%


Class sessions

Class sessions are held in a computer lab. Credit is awarded to the learning activities portion of the grade for participation. (1.5 points for each of the numbered events).


Homework assignments are done individually, not in groups. Credit is awarded to the learning activities portion of the grade.

Homework assignments will be submitted electronically through Canvas. The due dates are different for the sections. See the schedule for your section for due dates. A maximum of 1.5 points is awarded toward the learning activity score for each assignment.

Points are awarded for homework assignments on the basis of correctness and presentation.


There are two midterm exams and a comprehensive final exam.  The two midterms have a weight of 30% each; the final has a weight of 40%.

Midterm exams are administered during the class meetings and will be half open book and half closed book. For the open book part, you will be allowed to use of the computer and class web site only. Personal calulators and other electronic equipment are not permitted. The closed book part must be answered without the aid of the computer or any other material. You will be provided paper forms to write your solutions. Excel is used for most computations.

The final exam will be held in either the same room in which the class is held, or in another computer classroom. You will be permited to use Excel, the ME353 class webiste, and the course textbook. You may not use the class Canvas site or any files or documents prepared before the exam.

All exams, homeworks, and event solutions not claimed will be discarded after January 15 for the fall semseter and May 25 for the spring semester.

Computation of grade

The points for the learning activities are added up to find a learning activities score and truncated to a maximum of 30. The total weight of the three exams is 100% minus the number of points earned for the learning activities. For example, if a student accumulates 30 learning points during the semester, and earns 80%, 75% and 65% on the exams, then the final score will be

30 + (100 - 30)*(0.3*80 + 0.3*75 + 0.4*65)/100 = 80.75

That score would earn a B-. If, on the other hand, a student accumulates only 5 learning points during the semester, and earns 80%, 75% and 65% on the exams, then the final score will be

5 + (100 - 5)*(0.3*80 + 0.3*75 + 0.4*65)/100 = 73.875

That score would earn a C.  Letting X be the number of learning points earned, the general equation for computing the grade is

Grade = X + (100 - X)*(0.3*Exam 1 + 0.3*Exam 2 + 0.4*Exam 3)/100

In general, only full letter grades will be given. However, the exception is when the total number of points is within 1 point of the letter grade above or below. For example, 90.2 would translate into an A- while 89.9 would translate into a B+.

Quality of work

All work must be prepared neatly for grading.  Credit may be reduced for nonprofessional work.  Cheating will not be tolerated.

Students with disabilities

The University of Texas at Austin provides upon request appropriate academic accommodations for qualified students with disabilities. For more information, contact the Office of the Dean of Students at: 471-6259, 471-4641 TTY.


A student may not drop a class after the fourth class day except for good cause (health or serious personal problems, or a demonstrated need to work more hours). A student seeking to drop a class after the fourth class day should go the Engineering Student Affairs Office (ECJ 2.220).

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Engineering Finance
by Paul A. Jensen
Copyright 2005 - All rights reserved