Engineering Economy Essay by Calwriter

Engineering Economy
Defines and explains engineering economy and how it applies to financial management practices.
# 55303 | 1,632 words | 4 sources | MLA | 2005 | US
Published on Jan 26, 2005 in Engineering (General) , Economics (General)

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This paper defines engineering economy and explains how it is used to evaluate projects relating to their costs and their future value. The paper explains how engineering economy deals with how much a project will cost and what the future benefits of that project will be. This leads into a discussion of "the time value of money", one of the most important concepts in engineering economy. Finally, the paper explains several of the basic concepts of engineering economy and how these concepts can be applied to a company's financial management practices.

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APA Format

Engineering Economy (2005, January 26) Retrieved July 14, 2020, from

MLA Format

"Engineering Economy" 26 January 2005. Web. 14 July. 2020. <>