Question 3 1 points Save Answe An effective and efficient economic analysis of e

Question

Question 3 1 points Save Answe An effective and efficient economic analysis of engineering projects has to follow certain principles. Which one of the following statement(s) doesn't imply to any of these principles? a. Make risk and uncertainly explicit. b. Only the differences in expected future outcomes among alternatives are relevant to their comparison and should be considered in the decision c. Use consistent viewpoint. d. Using a common unit of measurement to enumerate as many of the prospective outcomes as possible will simplify the analysis of the alaternatives. e. None of the above.

Explanation / Answer

a. Make risk and uncertainly explicit

Engineering projects are based upon certain principles to serve a specific purpose. They can't be treated blindly.

In order to have an efficient and effective economic analysis of any project, you can't make risk as eventually it may lead to failure or not effective in terms of cost effective. So, better avoid making risks and uncertainly explicit. There should be a certain way to tackle and analyse rather than to test with risk.

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.