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About Engineering Economy Lecture Notes 1
This document provides an overview of an engineering economy course. It discusses key concepts like fixed and variable costs, life cycle costs, sunk costs, and opportunity costs. The course aims to teach students to make sound economic decisions by analyzing costs and comparing engineering alternatives using methods like annual cost, present worth, and rate of return. It emphasizes developing alternatives, focusing on differences between options, and using consistent evaluation criteria to select solutions that maximize long-term benefits relative to long-term costs.
Detailed Information
| Author: | ['Aubrey Cas'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 4 |
| Language: | English |
| Format: | |
| Price: | FREE |
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