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    Engineering Economics 2

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    israeljumbo
    This document contains questions for an engineering economics exam, covering topics such as: - Situations where engineering economic analysis assists decision making in different organizations. - Nonmonetary factors to consider when making changes to a best-selling product for a manufacturing firm. - The meaning of the statement that engineering economic choices are among alternatives. - Defining uncertainty and some basic causes of uncertainty in engineering economy studies. - A plan to compare estimated and actual consequences of a facility upgrade project selected two years ago. - The relationship between engineering economic analysis and engineering design, and how economic analysis assists design decisions. - Advantages and disadvantages of classical brainstorming and the nominal group technique.

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    Engineering Economics 2

    Uploaded by

    israeljumbo
    182 views1 page
    This document contains questions for an engineering economics exam, covering topics such as: - Situations where engineering economic analysis assists decision making in different organizations. - Nonmonetary factors to consider when making changes to a best-selling product for a manufacturing firm. - The meaning of the statement that engineering economic choices are among alternatives. - Defining uncertainty and some basic causes of uncertainty in engineering economy studies. - A plan to compare estimated and actual consequences of a facility upgrade project selected two years ago. - The relationship between engineering economic analysis and engineering design, and how economic analysis assists design decisions. - Advantages and disadvantages of classical brainstorming and the nominal group technique.

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    Engineering economics 2

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    This document contains questions for an engineering economics exam, covering topics such as: - Situations where engineering economic analysis assists decision making in different organizations. - Nonmonetary factors to consider when making changes to a best-selling product for a manufacturing firm. - The meaning of the statement that engineering economic choices are among alternatives. - Defining uncertainty and some basic causes of uncertainty in engineering economy studies. - A plan to compare estimated and actual consequences of a facility upgrade project selected two years ago. - The relationship between engineering economic analysis and engineering design, and how economic analysis assists design decisions. - Advantages and disadvantages of classical brainstorming and the nominal group technique.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    182 views1 page

    Engineering Economics 2

    Uploaded by

    israeljumbo
    This document contains questions for an engineering economics exam, covering topics such as: - Situations where engineering economic analysis assists decision making in different organizations. - Nonmonetary factors to consider when making changes to a best-selling product for a manufacturing firm. - The meaning of the statement that engineering economic choices are among alternatives. - Defining uncertainty and some basic causes of uncertainty in engineering economy studies. - A plan to compare estimated and actual consequences of a facility upgrade project selected two years ago. - The relationship between engineering economic analysis and engineering design, and how economic analysis assists design decisions. - Advantages and disadvantages of classical brainstorming and the nominal group technique.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Israel Funa

    EE -3A

    1.1. List 10 typical situations in the operation of an organization where an


    engineering economic analysis would significantly assist decision making. You
    may assume a specific type of organization (e.g., manufacturing firm, medical
    health centre and hospital, transportation company, government agency) if it will
    assist in the development of your answer.

    1.3. Assume that your employer is a manufacturing firm that produces several
    different electronic consumer products. What are five nonmonetary factors
    (attributes) that may be important when a significant change is considered in
    the design of the current best-selling product?

    1.5. Explain the meaning of the statement, The choice (decision) is among
    alternatives.
    1-7 . Define uncertainty. What are some of the basic causes of uncertainty in
    engineering economy studies?
    1-9 . Two years you were a member of the project team that analyzed whether your
    company should upgrade some building, equipment, and related facilities to
    support the expanding operation of the company. The project team analyzed
    three feasible alternatives, one of which makes no changes in facilities and the
    remaining two involve significant facility changes. Now you have been selected
    to lead a postevaluation team. Delineate your technical plan for comparing the
    estimated consequences (developed two years ago) of implementing the
    selected alternative with the results that have been achieved.
    1-11 . Explain the relationship between engineering economic analysis and
    engineering design. How does economic analysis assist decision making in the
    design process?
    1-13 . List few advantages and disadvantages of (a) classical brainstorming and (b)
    the nominal group techinique.

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