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HW9_Multiple Alternatives_Engineering Economics
- Other • 2 pages • 2023
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Multiple alternatives analysis is a decision-making tool used to compare and select the best alternative among several options. Multiple alternatives analysis involves evaluating different alternatives based on their costs, benefits, and risks.
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HW5_Deferred Annuities and More Complicated Equivalence Calculations_EE
- Other • 2 pages • 2023
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A deferred annuity is an annuity that does not begin making payments until a specified date in the future. In engineering economy, deferred annuities are often used to evaluate investments in which cash inflows or outflows are expected to occur at a future date. Engineers use present worth, future worth, annual worth, and nominal rate factors to calculate the value of deferred annuities and compare them to other investment options. 
 
In more complicated equivalence calculations, engineers may u...
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HW10_Break-even analysis
- Other • 2 pages • 2023
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Break-even analysis is a tool used in engineering economy to determine the point at which total revenue equals total costs, resulting in neither a profit nor a loss. The break-even point is the level of production or sales at which the total revenue generated by a product or service equals the total cost of producing it.
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HW2_Engineering Economic Analysis_EE
- Other • 1 pages • 2023
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Engineering economic analysis is a branch of engineering that deals with the evaluation of engineering projects and investment options from a financial perspective. It involves the application of mathematical and economic principles to assess the feasibility, profitability, and risk of engineering projects.