engineering economy的意思|示意

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Engineering economy is a branch of economics that provides methods to measure the efficiency of investments, production and services. It is used to assess the cost-effectiveness of various investments, the financial feasibility of projects and the economic performance of firms.

Engineering economy helps engineers analyze the economic feasibility of a project, compare alternatives and make informed business decisions. It is used to calculate the break-even point, identify the lowest-cost option, determine the most profitable solution and calculate the return on investment (ROI). Engineering economy is also used to estimate the cost of goods, services or materials and project future costs.

Engineers use engineering economy methods to analyze and compare investments, evaluate the potential returns, manage risks and make informed decisions. For example, they can use engineering economy to calculate the capital investment required to start a business, the savings potential of a proposed design change and the long-term costs associated with a proposed project.

Engineering economy is also used in the context of decision making. It is used to compare different scenarios and determine which option will provide the best return on investment. Engineers use engineering economy techniques to assess the cost-effectiveness of alternative solutions and select the most profitable option.

Engineering economy is an invaluable tool for engineers and project managers. It can be used to compare different projects and make informed business decisions. It is also used to evaluate the economic feasibility of investments and manage risks. By understanding engineering economy and applying its methods, engineers can make better decisions and maximize the return on their investments.