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About Engineering Economics Lecture Notes
This document provides an introduction to engineering economics. It defines engineering economics as dealing with concepts and techniques for analyzing the costs and benefits of engineering projects and decisions. The engineering process is described as having several phases: determining objectives, identifying limiting factors, determining means to achieve objectives, evaluating proposals, and making decisions. Key concepts in economics discussed include value, utility, the difference between consumer and producer goods, and the concept of mutual benefit in exchange. The overall purpose of engineering economics is to help engineers evaluate projects and alternatives in order to make sound investment and management decisions.
Detailed Information
| Author: | ['Realtor Oluwaseyifunmi'] |
|---|---|
| Publication Year: | 2022 |
| Pages: | 84 |
| Language: | English |
| Format: | |
| Price: | FREE |
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