A repository for the Engineering Econimcs, in Amirkabir University of Technology Under supervision of Prof. Akbar esfahanipour.
Engineering economy is the discipline concerned with the economic
aspect of engineering. It involves the systematic evaluation with the economic
merits of proposed solutions to the engineering problems. To be economically
acceptable (i.e., affordable), solutions to engineering problem must demonstrate
a positive balance of long term benefits over long term cost.
Engineering economics is the application of economic techniques to the evaluation of design and engineering alternatives. The role of engineering economics is to assess the appropriateness of a given project, estimate its value, and justify it from an engineering standpoint.