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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.
what is difference between lagrangian aparoach and eulerian approach?
Compressibility Fluid: Compressible fluid flow refers to the air flow through a gas turbine engine and, because the air is compressible, flow at subsonic speeds causes a change
Probabilistic analysis - Fire risk assessment: Probabilistic analysis relies on data and data comes from experience. The broader the experience, the larger the data source an
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The resistance of the strain gauges is usually measured with a Wheatstone bridge. All bridges have balancing circuits which can be apex or parallel. Both methods are equivalent.
what is value analysis
EXPLAIN THE WORKING OF BASIC N-CHANNEL MOSFET SWITCH
Cash Flow Diagrams We will use a cash flow approach to analyze the flow of money through out a planning horizon. A cash flow occurs when money actually change hands. We will u
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