the deference between economic decisions and other design decision
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A prediction or forecast made today is likely to be different than one made in future. Engineering design outcomes are often time invariant. Economic decisions have to be based on best information available at time of decision with understanding of uncertainties in forecasted data.
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Economic decisions involve predicting, or forecasting product sales, product selling price, and various costs overt future time frame. Such forecasts are never completely accurate. ... Engineering design outcomes are often time invariant.
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