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Introduction To Engineering Economy: Kardan University Civil Engineering Faculty
Introduction To Engineering Economy: Kardan University Civil Engineering Faculty
Introduction to
Engineering Economy
Prepared by Sebghatullah Karimi
1392
Introduction to Engineering
Engineer
Means:
Economy
Problem solver,
Find new ways doing things economically,
Engineering is the art of doing that well with
one dollar which any bungler can do with two
(Arthur M. Wellington, 1887).
The challenge:
Every problems has multiple solutions, How to
choose the best one?
Introduction to Engineering
Economy
What is engineering economy?
Engineering project must be not only physically
realizable but also economically affordable.
Engineering economy involves the systematic
evaluation of the economic merits of proposed
solutions to engineering problems.
Engineering is
more than a
problem solving
activity
Design Process
Activity:
1. Problem/need
definition.
2. Problem/need
formulation and
evaluation.
3. Synthesis of
possible solutions.
4. Analysis,
optimisation, and
evaluation.
5. Specification of
preferred
alternatives.
6. Communication.
Using spreadsheets in
Engineering Economy
Conclusion
1. Introduction to Engineering Economy,
engineer means, the job of an engineer.
2. The principles of Engineering Economy
The seven principles of engineering
economy is discussed
3. Engineering Economy and the design
process
Steps should be taken in the decision
making process and the activities should
be done in the design process.
4. Using spreadsheets in Engineering
Economy
Any question