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Principles of Engineering Economy

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Reference no: EM131171567

Indicate which of the Principles of Engineering Economy listed in the text best applies to the situation given( Please match the statement on the above with the principals on the right)

STATEMENTS

Consider the impact of future events

Leave the situation as it is (do nothing)

Excluding identical outcomes for all alternatives from analysis

Long term financial interests of the owners

Deciding which site to increase generation on a public power project.

PRINCIPALS

a. Principle 2: Focus on the difference

b. Principle 7: Revisit your decisions

c. Principle 1: Develop Alternatives

d. Principle 4: Use a common unit of measure

e. Principle 5: Consider all relevant criteria

f. Principle 3: Use a consistent viewpoint.

g. Principle 6: Make Risk and Uncertainty Explicit.

Reference no: EM131171567

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