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Ten Principles of Engineering Economic Analysis
1. Money has a time value.2. Make investments that are economically justified.3. Choose the mutually exclusive investment alternative that maximizes economic worth.4. Two investment alternatives are equivalent if they have the same economic worth.5. Marginal revenue must exceed marginal cost.6. Continue to invest as long as each additional increment of investment yields a return that is greater than the investor's TVOM.7. Consider only differences in cash flows among investment alternatives.8. Compare investment alternatives over a common period of time.9. Risks and returns tend to be positively correlated.10. Past costs are irrelevant in engineering economic analyses, unless they impact future costs.
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Allowances for pattern : A pattern is always made larger than the required size of the casting in order to allow for various factor, such as shrinkage, machining, distortion and r
Intake anti-icing Operations of present day aircraft necessitates flying in all weather conditions plus the fact that high velocity air induced into the intakes means a provisi
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PRESSURE RELIEF VALVE The pressure relief valve shown in the figure. controls the oil pressure at the pre-set value demanded by the system. The valve is normally integral with
what is the input to a process control system?
name the switching schemes used in a digital exchange. how call processing takes place?
Compressor Damage Foreign objects often enter engine air intakes either accidentally or through carelessness. Items such as pens, pencils cigarette lighters etc. can be drawn o
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3. Design and draw a circuit using the cascade system to operate two cylinders (A and B) which, on the operation of a start valve, produces the sequence A – B + B – A+. The cylinde
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