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Definition Principles
Economic
Analysis Procedure
Outline
Define
engineering economy.
State
economy.
Outline
procedure.
Learning Objectives
Engineering
the profession in which a knowledge of the mathematical and natural sciences gained by study, experience and practice is applied with judgment to develop ways to utilize, economically, the materials and forces of nature for the benefit of mankind
Engineering
Economy
Using a common unit of measurement to enumerate as many of the prospective outcomes as possible will simplify the analysis and comparison of the alternatives. Principles of Engineering Economy
10
11
Definition Principles
Economic
Analysis Procedure
12
Outline
Sullivan,
W., Wicks, E. and Luxhoj, J., Engineering Economy, 12th ed, USA: Pearson Education, Inc., 2003
Cost Concepts and Design Economics
Blank,
L. and Tarquin, A., Engineering Economy, 4th ed, Singapore: McGrawHill Book Co, 1998 T., Engineering Economy Applying Theory to Practice, USA: 1995
Eschenbach,
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References