engineering decisions

Why Is Engineering Economics Important For Engineers?

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Why Is Engineering Economics Important For Engineers? Engineering economics poses numerous benefits because it allows those in industry to make strategic decisions for their companies. … These subjects are essential for engineering economics because they provide the foundation for engineers to make good decisions in the business environment. Why is engineering economics important to civil

What Are The Principles Of Engineering Economy?

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What Are The Principles Of Engineering Economy? Develop the Alternatives; Focus on the Differences; Use a Consistent Viewpoint; Use a Common Unit of Measure; Consider All Relevant Criteria; Make Uncertainty Explicit; Revisit Your Decisions. What are the four fundamental principles of engineering economics? Principle 1: A dollar earned today is worth more than a dollar