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Principles of Engineering Economy by Mahammad Yusif is a document available to read on EtoBox.
What is Principles of Engineering Economy about?
This document introduces the key principles of engineering economy. It discusses 7 principles: 1) Develop alternatives, 2) Focus on differences, 3) Consistent viewpoint, 4) Common unit of measure, 5) Consider all criteria, 6) Make risk explicit, 7) Revisit decisions. The purpose is to evaluate economic merits of solutions and ensure benefits exceed costs through a systematic analysis considering these foundational principles.
- Author
- Mahammad Yusif
- Language
- EN