Chapter 1:
Introduction to Engineering Economy
1-2 Engineering Economy, Fifteenth Edition By William G. Sullivan, Elin M. Wicks, and C. Patrick Koelling
Copyright 2012 by Pearson Education, Inc. Upper Saddle River, New Jersey 07458 All rights reserved.
Engineering economy
involves the systematic evaluation of the economic merits of proposed solutions to engineering problems.
Engineering Economy, Fifteenth Edition By William G. Sullivan, Elin M. Wicks, and C. Patrick Koelling
Copyright 2012 by Pearson Education, Inc. Upper Saddle River, New Jersey 07458 All rights reserved.
Engineering Economy
Engineering Economy involves
Formulating Estimating, and Evaluating expected economic outcomes of alternatives designed to accomplish a defined purpose
Easy-to-use math techniques simplify the evaluation Estimates of economic outcomes can be deterministic or stochastic in nature
1-7 Engineering Economy, Fifteenth Edition By William G. Sullivan, Elin M. Wicks, and C. Patrick Koelling
Copyright 2012 by Pearson Education, Inc. Upper Saddle River, New Jersey 07458 All rights reserved.
1-10 Engineering Economy, Fifteenth Edition By William G. Sullivan, Elin M. Wicks, and C. Patrick Koelling
Copyright 2012 by Pearson Education, Inc. Upper Saddle River, New Jersey 07458 All rights reserved.
Quiz 1
Find one (1) problem issues related on construction activities. Solve the problem follows the decision making process.
Engineering Economy, Fifteenth Edition By William G. Sullivan, Elin M. Wicks, and C. Patrick Koelling
Copyright 2012 by Pearson Education, Inc. Upper Saddle River, New Jersey 07458 All rights reserved.