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Dell Cekidelldell
Dell Cekidelldell

The document discusses key concepts in engineering economy including: - Engineering economy studies how limited resources are allocated to satisfy human wants. It considers how individuals and societies choose to use scarce resources. - Resources include land, labor, capital, and human capital. The origins of engineering economy focused on analyzing the economics of projects like railroad building. - Principles of engineering economy include developing alternatives, focusing on differences, using consistent viewpoints, common units of measurement, considering all criteria, accounting for uncertainty, and revisiting decisions. - The engineering economy process involves defining alternatives, developing cash flows, selecting criteria, analyzing and comparing alternatives, and selecting a preferred option. Accounting can help determine costs, set prices,

TechnologyEconomy & Finance
1 of 22
Engineering Economy NORDIN BIN OMAR. INSPIRING CREATIVE AND INNOVATIVE MINDS
[object Object],[object Object],[object Object],INSPIRING CREATIVE AND INNOVATIVE MINDS
[object Object],WHAT IS ECONOMICS ? INSPIRING CREATIVE AND INNOVATIVE MINDS
WHAT IS ECONOMICS ? ,[object Object]
RESOURCES ,[object Object],[object Object],[object Object]
LAND ,[object Object]
LABOR ,[object Object]
CAPITAL ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Origins of Engineering Economy ,[object Object]
Origins of Engineering Economy ,[object Object],[object Object],[object Object],[object Object],[object Object]
PRINCIPLES OF ENGINEERING ECONOMY ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
DEVELOP THE ALTERNATIVES ,[object Object]
FOCUS ON THE DIFFERENCES ,[object Object]
USE A CONSISTENT VIEWPOINT ,[object Object]
USE A COMMON UNIT OF MEASURE ,[object Object]
CONSIDER ALL RELEVANT CRITERIA ,[object Object]
MAKE UNCERTAINTY EXPLICIT ,[object Object]
REVISIT YOUR DECISIONS ,[object Object]
ENGINEERING ECONOMY AND THE DESIGN PROCESS ,[object Object]
ENGINEERING ECONOMIC ANALYSIS PROCEDURE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
ACCOUNTING AND ENGINEERING ECONOMY STUDIES ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object]

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