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What is Engineering Economy Fundamentals about?
This document provides an introduction to engineering economy concepts. It discusses cash flow diagrams, time value of money, interest calculations using simple and compound interest formulas, and basic notation used in engineering economy like P, F, N, i. Engineering economy evaluates design alternatives and assesses project appropriateness, estimated value, and justification from an engineering perspective using economic analysis techniques.
- Author
- Max Drake
- Language
- EN