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yes stupid shes too smart to get anything else

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16y ago

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What is engineering economics and what is the nature and scope of it in engineering perspective?

Engineering economics is the application of economic techniques to the evaluation of design and engineering alternatives.1 The role of engineering economics is to assess the appropriateness of a given project, estimate its value, and justify it from an engineering standpoint.


What are the key considerations in cost vs benefit economics when evaluating the feasibility of a new project?

When evaluating the feasibility of a new project, key considerations in cost vs benefit economics include analyzing the potential costs involved in implementing the project against the expected benefits or returns it will generate. It is important to assess whether the benefits outweigh the costs and if the project is financially viable in the long run. Other factors to consider include the time frame for realizing returns, potential risks, and the overall impact on the organization's financial health.


Classification of economics?

classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)


What are the classifications of economics?

classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)


What is construction economics?

It is the total process of economizing construction project from inception to the completion. Here it refers to practicing economical solutions while not sacrificing the benefits or comfort one can obtained from that particular project. In other words it is the process of achieving best of quality in least possible time with best possible lowest cost. "Construction Economics is the construction Project to study of how individuals and groups make decisions with limited resources as to best satisfy client's wants, needs, and desires".

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