Question

The alternatives which are standalone solutions for given : situations in engineering involve اختر أحد الخيارات a. a purchase cost initial cost) O b. None o c. The anticipated life of the assets O d. The annual costs of maintaining the assets (yearly O maintenance and operating cost) e. All of these O

Answer 1

The altetnatives which are standalone solutions for given situations in engeneering involves a purchase cost, the anticipated life of the assest and the annual cost of maintaining the assests(yearly maintenance and operating cost).

Correct statement from the following is all of them. Engeneering economy is a collection of mathematical techniques which simplifies economic comparisons, for understanding the engeneering economy, one should be able to classify the basic terminology and fundamental concepts of economy and engeneering econony is a decision assistance tool by which one method will be chosen as the most economically one.

The engeneering economic analysis helps to judge all. The operational efficiency and financial postition of firm or company and it defines the major economic issues and propose alternatives.

This is true that a successful engeneering project is the one that demonstrates only engeneering feasibility and financial viability.