Lecture Engineering economy - Chapter 3: Cost estimation techniques

Lecture Engineering economy - Chapter 3: Cost estimation techniques. After completing this section, you will understand knowledge about: various methods for estimating important factors in an engineering economy study; estimating the future cash flows for feasible alternatives is a critical step in engineering economy studies; estimating costs, revenues, useful lives, residual values, and other pertinent data can be the most difficult, expensive, and time-consuming part of the study;...