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-What is the meaning of engineering economy? - As students of Engineering College, why do you...

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Economics


-What is the meaning of engineering economy?
- As students of Engineering College, why do you need to studythe engineering economy?

-Write down (in details) the steps of decision-makingprocess.

-What are the benefits of these steps?

-How do we use the steps of decision-making process during ourwork on the ideas of engineering projects, especially when we wantto choose the best alternatives or add any developments to ourproject?

Answer & Explanation Solved by verified expert
4.1 Ratings (777 Votes)
Its the cost benifit calculation of engineering projects design and analysis in systematic manner Becoz its necessary for engineering students to make easier stategy of the decision making process for company in which they will work    See Answer
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