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engineering economy
(redirected from Engineering economics)

   Also found in: Wikipedia 0.01 sec.
engineering economy [‚en·jə′nir·iŋ i′kän·ə·mē]
(industrial engineering)
Application of engineering or mathematical analysis and synthesis to decision making in economics.
The knowledge and techniques concerned with evaluating the worth of commodities and services relative to their cost.
Analysis of the economics of engineering alternatives.


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The book can be used as a text for an introductory engineering economics course for students in all areas of engineering.
He offers ten approaches, including simulation, engineering economics, case studies and common sense, as alternatives and comments on what is to come in the discipline.
He spent three years before joining Parsons Brinckerhoff as an instructor and assistant professor in international relations and engineering economics at West Point.
 
 
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