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Engineering Economics - MIT OpenCourseWare

Engineering Economic Analysis: Slide 1 Econ & Enviro Issues In Materials selection Randolph KirchainMassachusetts Institute of Technology Department of Materials Science & Engineering Massachusetts Institute of TechnologyDepartment of Materials Science & EngineeringEngineering Economics : Comparing Financial Characteristics of Design Options Engineering Economic Analysis: Slide 2 Econ & Enviro Issues In Materials selection Randolph KirchainMassachusetts Institute of Technology Department of Materials Science & Engineering Massachusetts Institute of TechnologyDepartment of Materials Science & EngineeringEngineering Econ Example: Comparing Alternatives BIG DIG $$$$ $$ $$Where Should You Build?

3.080 Econ & Enviro Issues In Materials Selection Massachusetts Institute of Technology Department of Materials Science & Engineering Randolph Kirchain Engineering Economic Analysis: Slide 3 Example: Comparing Alternatives •Simple payback: – Site B is preferred after 5 years ≈ 67months $3,750/ month •Considering reasonable business ...

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