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engineering economy |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| This book is partly an engineering economy textbook and real-world network financial management handbook. The engineering economy is a competitive market; therefore the company's approach to the selection of the software solution and partners for automation was crucial to the company's future success. Choices include a replacement model of engineering economy, an actual cost of upgrading and a payback based on the savings from the migration to Windows 95. |
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