Design Economics

Engineers frequently have to come up with a minimum-cost solution when they have two or more cost components that are affected differently by the same design element. That is, for a single design variable, some costs increase while others decrease. Another valuable extension of the AE analysis in the section on "Annual Equivalent Method," is that these cost components be expressed in equivalent annual form so that we can identify which cost component we need to control to obtain the minimum cost solution to various engineering design problems.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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