Mesut Pervizpour

CEE-202 Engineering Economics

Course Description:

The planning and management of civil engineering projects. Modeling and optimization methods, project management techniques. Financial decision-making among alternatives. Present value and discounted cash flow analysis; incremental analysis and rate-of-return criteria.

Text book:
  • Engineering Economics Analysis by Newman, Eschenbach, and Lavelle, 14th Ed, Oxford University Press, ISBN 9780190931919
  • Toward More Sustainable Infrastructure: Project Evaluation for Planners and Engineers, by Carl D. Martland, Wiley, 2011, ISBN-10: 0470448768
Location and Hours:
Lecture: STEPS 101 T-R 10:45-12:00 pm, (ZOOM LINK: Link)

TA: Ali Ghaffari (,
Office Hrs: STEPS 370, T&W 12:00-1:00 PM

Class Discussion:
Use the zoom link to get in touch with your classmates, the TA, and myself. You may contact me via email and setup for a zoom session for online office hours. The zoom linked Office Hours.

Syllabus | Handouts | Assignments | Project | Links

Course Syllabus in pdf Engineering Economics Syllabus

  1. Attendance at Lectures and Recitation Is Mandatory. Attendance will be taken every class and section 3 notices will be issued for missing class or coursework.
  2. Academic integrity. It has been my experience in the past that when students study in groups, and communicate they perform better. Obviously, this is a generalization and I am sure there are many exceptions. However, please note that your submitted work for this course should be conducted individually. Academic Integrity is expected from all students in all matters related to this course. In particular, a student assumes responsibility for every assignment, project or exam that he/she submits. University Code of Conduct:
  3. Accommodations for Students with Disabilities. Lehigh University is committed to maintaining an equitable and inclusive community and welcomes students with disabilities into all of the University's educational programs. In order to receive consideration for reasonable accommodations, a student with a disability must contact Disability Support Services (DSS), provide documentation, and participate in an interactive review process. If the documentation supports a request for reasonable accommodations, DSS will provide students with a Letter of Accommodations. Students who are approved for accommodations at Lehigh should share this letter and discuss their accommodations and learning needs with instructors as early in the semester as possible. For more information or to request services, please contact Disability Support Services in person in Williams Hall, Suite 301, via phone at 610-758-4152, via email at , or online at
  4. Lehigh University Policy on Harassment and Non-Discrimination. Lehigh University upholds The Principles of Our Equitable Community and is committed to providing an educational, working, co-curricular, social, and living environment for all students, staff, faculty, trustees, contract workers, and visitors that is free from harassment and discrimination on the basis of age, color, disability, gender identity or expression, genetic information, marital or familial status, national or ethnic origin, race, religion, sex, sexual orientation, or veteran status. Such harassment or discrimination is unacceptable behavior and will not be tolerated. The University strongly encourages (and, depending upon the circumstances, may require) students, faculty, staff or visitors who experience or witness harassment or discrimination, or have information about harassment or discrimination in University programs or activities, to immediately report such conduct.
  5. Examinations: Unannounced quizzes will be conducted regularly. Midterm exam and a comprehensive final exam will be scheduled. No makeup midterm and final examination will be given.
  6. Assignments:
    • In class work will be collected at the end of the lecture. Assigned homework is due at the beginning of class on the specified day. Late submissions will be penalized by 10%. Homework solutions will be posted 24 hours after they are due on Lehigh Coursesite, and no solutions will be accepted after they are posted.
    • There will be in class quizzes. A course project will be assigned where work will be carried out continually during the semester. A final report and presentation is required.
    • Homework solutions should conform to the standards of good engineering practice:
      - Work should be done on one side of the paper and be well organized.
      - Each problem should be clearly labeled on numbered pages.
      - Work should be done in pencil, and straightedge must be used for sketches.
      - Your name and assignment number should appear on each page.
      - Work should be organized and presented neatly. Assumptions should be clearly stated, units should be noted on answers and key intermediate results, and answers should be clearly identified.

      Homework points will be deducted if any the preceding requirements are not followed.
Midterm Exam
Homework/Quizzes/In Class Work
Final Exam


  1. Decision Making Process in Infrastructure Projects,
  2. Stakeholders, Public-private-PPP prijects
  3. Environmental/Social/Financial Factors
  4. Estimating and cost concepts
  5. Time value of money
  6. Comparison of alternatives
  7. Public and regulated sector project evaluation
  8. Midterm 1
  9. Project Scheduling and Project Duration
  10. Multi-criteria decision making
  11. Sustainable development and Life Cycle assessment Framework
  12. Uncertainty and risk
  13. Mideterm
  14. Inro. to mathematical modeling and constrainted optimization
  15. Depreciation, replacement analysis
  16. Income Taxes and Inflation
  17. Final Exam