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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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In the Aircraft Performance course, the aircraft was assumed to be in a steady-state (e.g. steady cruise, climb, turn, glide), with the forces and moments balanced. The subject of
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Fire safety management for restaurants: Staff in restaurants must be aware that customers who have been served their food are always reluctant to leave that food and evacuate.
Fire suppression Typical fixed systems in the types of aircraft for which fixed fire extinguisher systems are specified, it is usual for the extinguishant to be stored in the c
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Q. What do you mean by diffraction? Distinguish between Fresnel's and Fraunhofer's classes of diffraction. Ans. The phenomena of diffraction in case of light was first observ
Firm A needs to purchase a new machine. If the machine is purchased, it will replace an old machine purchased 10 years ago for €105,000 and which is being depreciated on a straight
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