Estimating, and evaluating the expected economic outcomes of alternatives

Engineering economy involves formulating, estimating, and evaluating the expected economic outcomes of alternatives designed to accomplish a defined purpose.

 

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Use information and backgrounds available on chapter 1 from the textbook to perform an engineering economy study on a case study of your selection, i.e. apply the general seven steps for decision-making processes.

 

It could be a real case for yourself or for somebody that you know.

It’s could be a an advice that you give to friend,

Or new bossiness idea proposal

On the other hand, could be an alternative solution for an existing problem that business facing dilemmas and you propose solution.

 

Use an approximate to real figure on your proposal.

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