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Engineering Economy
CE 22 lecture
Marie Claire Pascua
ENGINEERING
safety
economy
serviceability
Asphalt concrete
Cement concrete
10
1.
2.
3.
4.
5.
6.
7.
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13
14
Outcomes should be
directly comparable
Monetary units can be
used
Some outcomes can be
translated to monetary
units
Others can be
explicitly described
15
Typical primary
criterion is financial
interest
Scrap criteria that are
not relevant to the
decision-making
process.
16
17
Decision-making is an
adaptive process.
Evaluations should be
carried out even after
implementation.
Risk will show itself
after implementation.
18