Engineering Economy

Engineering Economy is the discipline that evaluates the financial aspects of engineering projects and decisions. It involves analyzing costs, benefits, and various economic factors to determine the best options for engineering solutions. By using principles of finance, such as time value of money, cost analysis, and budgeting, engineers assess the feasibility and value of projects. This helps organizations make informed decisions, ensuring efficient use of resources and maximizing returns on investments. In essence, it combines engineering skills with financial acumen to support successful project planning and execution.