At the end of this course, the students in teams will learn:

1) To design most feasible materials process and to manage most feasible materials selection to realize their “Materials Design” goals as a value-added competitive commercial product,

2) To evaluate and compare economic feasibility of the product ideas

3) Basic terminology in project management, economics, strategy, marketing, finance and accounting, and the way they are used in engineering economics analysis and decision making,

4) To look at real life materials engineering production and design cases from a project management, economics, strategy, marketing, finance and accounting perspectives,

5) Cost-benefit, break-even and sensitivity analysis methods and how to apply them in decision-making process.

6) Present all analysis in a business report and presentation format.