Question

what do you understand by engineering economics?

Answer 1

Answer:

Fundamentally, engineering economics involves formulating, estimating, and evaluating the economic outcomes when alternatives to accomplish a defined purpose are available. ... Considering the time value of money is central to most engineering economic analyses.

Answer 2

$\huge{\underline{\bold{\pink{♡ANSWER}}}}$

Fundamentally, engineering economics involves formulating, estimating, and evaluating the economic outcomes when alternatives to accomplish a defined purpose are available. ... Considering the time value of money is central to most engineering economic analyses.