Decision-Making CESA 4102

Upon successful completion of this course, the student will be able to:

• Describe the methodology for structured decision-making that takes into account the three bottom lines: social, environmental and economic.
• Apply the triple bottom line decision-making methodology in an energy management case study for an existing building.
• Apply the concept of the time value of money and Life Cycle Costing.
• Calculate interest, present and future values using simple interest.
• Calculate interest, present and future values using compound interest.
• Analyze interest rates by finding equivalent and effective rates.
• Calculate payments, present and future values for annuities in budgeting and asset evaluation and for mortgages.
• Evaluate investment decisions using methods of payback and discounted cash flow such as net present value and internal rate of return.
• Demonstrate the ability to compare the full range of environmental impacts assignable to products and services and the ability to apply a method to select the preferred option.
• Describe the Life Cycle Assessment (LCA) procedures as part of the ISO 14000 environmental management standards.
• Apply LCA process in an energy management options case study in order to make recommendations based on these analyses.
• Describe the concepts of Life Cycle Energy Assessment (LCEA) and their application to energy management, e.g., energy audit of entire building or company operation.

Effective as of Fall 2009