engineering economy

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.
References in periodicals archive ?
Grant's Principles of Engineering Economy served a similar purpose for engineering economists.
Easy-to-understand coverage of financial concepts specific to the construction industry, including business taxation, project control, engineering economy, and financial forecasting
He covers empire and the politics of information, the engineering economy, the economy of time and space, the slavery solution, the debate over coaling stations, and inventing logistics.
This course, he says, can replace or complement engineering economy courses at both the graduate and undergraduate levels.
he has developed and taught several courses, including Construction Law, Engineering Practice, Construction Management and Engineering Economy.
In fact, our survey and that of the EEF provide inconclusive evidence on the state of the engineering economy.
The engineering economy is the application of certain principles of economics to the problems of engineering related investments (Newnan, 1988).
The aerospace industry's supply roots extend deep into the West Midlands world renowned advanced engineering economy and are a key factor in our decision to extend this project.
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.
Individual chapters are focused on decision-making models in systems engineering, engineering economy in systems engineering, and a wide variety of other related subjects.
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