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Practical Concepts for Capstone Design Engineering by Daniel Meeroff, Frederick Bloetscher

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Engineering Economics

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Engineering is all about solving problems. Once a problem is defined, additional data and analysis typically are required to identify the alternatives that should be considered in order to make an informed decision (see Chapter 6). Data should include a projection of the future. Forecasts should be made of the appropriate variables to consider in order to meet future needs. Engineers will be asked to evaluate alternatives ...

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