Basic causes of uncertainty in engineering economy studies

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Reference no: EM131085933

1. Define uncertainty. What are some of the basic causes of uncertainty in engineering economy studies?

2. Will the increased use of automation increase the importance of engineering economy studies? Why or why not?

3. “Making recommendation about whether jet airplanes for an overnight delivery service should be purchased or leased”. Apply the 7 principles of engineering economy

Reference no: EM131085933

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