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Chapter 1 by Quan Nguyen is a document available to read on EtoBox.

What is Chapter 1 about?

Engineering economy involves evaluating the economic merits of engineering solutions to promote organizational well-being and profitability. Key principles include developing alternatives, focusing on differences, and making uncertainty explicit, while the analysis procedure consists of problem definition, alternative development, and performance monitoring. Spreadsheets are recommended for efficiently solving engineering economy problems and generating graphical outputs.

Author

Quan Nguyen

Language

EN