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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.
'Exclusive or' gate: The basic OR gate illustrated previously in Figure 3 was seen to include the AND operation in that its output will adopt the 1 state not only when either i
How would you judge the potential profit ofBajaj Electronics on the first year of sales to Booth Plastics and give your views to increase the profit?
what are the advantage of lithium cell
(a) Explain briefly any five roadway elements. Include function and current practices used in the design of these elements. (b) Discuss any three emerging (i.e. 'Intelligent T
In spot welding, the parts to be joined are normally over lapped. The work piece are clamped between two water cooled copper electrodes. On the passage of a high transient current,
a pilot entering a bay on course 60.3 degrees at speed 12 miles per hour sees a light bearing 37.3 true and 20 minutes later he sees it bearing 20.0 degrees true. if he keeps the
Inspection of casting Visual inspection Inspection for dimensional accuracy. Sound test Pressure test Impact te
method of solving resection
ENGINE DRAINS. There are two types of drains: • Controlled drains - the result of normal operation. • Uncontrolled drains - the result of abnormal operation. CONTROLLE
On a typical aerofoil, a point exists about which the resultant aerodynamic pitching moment M is independent of incidence. This special point is called the Aerodynamic Centre (AC).
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