Question

Advantages and disadvantages of autoanalysis ?

Answer 1

What are the advantages and disadvantages of performing an engineering economic analysis? What are some of the challenges and issues that might be encountered during the process of performing such an analysis?

Some of the advantages of performing engineering economic analysis is that the economic viability of each problems is considered. The engineering economic analysis is a critical factor in getting a project accepted. Questions regarding finance and cash flow can be answered as cash flow analysis is performed. The engineering economic analysis performs cost/benefit analysis and so becomes a strong tool for 'selling' the project.