Engineering Economic Analysis: Development of Prospective Outcomes
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Questions and Answers

What should the economic decision criterion reflect in an engineering economy study?

  • Inconsistent viewpoint
  • Intermittent viewpoint
  • Consistent and proper viewpoint (correct)
  • Variable viewpoint

    • What is the basis for analyzing the economic aspects of an engineering problem?

  • Market trends
  • Cash-flow estimates (correct)
  • Historical data
  • Technological advancements

    • Which factor dictates the quality of results obtained in technical-economic modeling and analysis techniques?

  • Political implications
  • Environmental impact
  • Soundness of techniques (correct)
  • Social considerations

    • How does monitoring project performance during its operational phase impact related goals and objectives?

    <p>Improves achievement of goals</p> Signup and view all the answers

    What is essential for maintaining consistency in an engineering economy study?

    <p>Proper viewpoint</p> Signup and view all the answers

    What impacts the recommended course of action in technical-economic modeling?

    <p>Quality of modeling analysis techniques</p> Signup and view all the answers

    Why are cash-flow estimates important in analyzing engineering problems?

    <p>As a basis for analysis</p> Signup and view all the answers

    What is crucial for reducing variability in desired results during project performance monitoring?

    <p>Monitoring project performance consistently</p> Signup and view all the answers

    Which type of viewpoint is NOT conducive to an engineering economy study?

    <p>Frequent viewpoint</p> Signup and view all the answers

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