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Economic & Environmental Issues in Materials Selection >> Content Detail



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Class readings will be assigned from the following books:

Amazon logo [EE] Sullivan, W., E. Wicks, and J. Luxhoj. Engineering Economy. 12th ed. East Rutherford, NJ: Prentice-Hall, 2002. ISBN: 9780130673381.

Amazon logo [MS] Ashby, M. F. Materials Selection in Mechanical Design. 3rd ed. San Diego, CA: Elsevier, 2005. ISBN: 9780750661683.

Amazon logo [LC] Bauman, H., and A. Tillman. Hitch Hiker's Guide To LCA: An Orientation in Life Cycle Assessment Methodology and Application. Lund, Sweden: Studentlitteratur AB, 2004. ISBN: 9789144023649.


LEC #TOPICSREADINGS
1Introduction
Engineering Economics
2Introduction, Time Value of Money, Single Payment DiscountingEE: Chapter 1, sections 2.1, 2.2, and 3.1-3.10.
3Value, Multi-payment Discounting, Non-uniform Cash FlowsEE: Sections 3.11-3.18.

Bloomberg News. "Toyota Says It Plans Eventually to Offer an All-Hybrid Fleet." Published in New York Times online, September 14, 2005.
4Effective Interest Rates

Evaluating Alternatives, MARR, PW, AW, IRR
EE: Chapter 4.
5UncertaintyEE: Chapter 5.
6Comparing AlternativesEE: Sections 8.1-8.5.
7Dealing with Changing PricesEE: Chapter 10.
8Combining ConceptsStatistical Resources on the Web: Cost-of-Living. University of Michigan compilation of links on cost of living; many provide useful information on inflation.
9Presentations and Review
10Exam 1
Materials Selection
11Concepts of Materials Indices, Software IntroductionMS: Chapters 1 and 5, section 2.5.
12Material and Shape SelectionMS: Chapter 11.
13Process Selection, In-class ExamplesMS: Chapter 8.
14Presentations and Review
Cost Modeling
15Using Cost Models: Concepts and PrinciplesAmazon logo Kirchain, R., and F. Field. "Process-Based Cost Modeling: Understanding the Economics of Technical Decisions." In Encyclopedia of Materials Science and Engineering. Vol. 2. San Diego, CA: Elsevier, 2001, pp. 1718-27. ISBN: 9780080431529.
16Tackling Variable Costs
17Modeling Fixed Costs
18Presentations and Review
19Exam 2
LCA (Life Cycle Assessment)
20Introduction: What is the Cost of Materials Usage?
21An Overview of Life Cycle AssessmentLC: Chapter 1.
22Analysis Goal and Scope; Inventory MethodsLC: Chapters 3 and 4.
23Impact AssessmentLC: Chapters 5 and 6.
24Presentations and Wrap-up

 








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