Accession Number : AD0787045
Title : Engineering Economic Analysis of Alternatives Using Benefits as Criteria for Evaluation.
Descriptive Note : Final rept.,
Corporate Author : ARMY MATERIEL COMMAND TEXARKANA TEX INTERN TRAINING CENTER
Personal Author(s) : Motichko,Michael C.
Report Date : MAR 1974
Pagination or Media Count : 93
Abstract : This research develops an effective procedure for the engineering economic analysis of alternatives using their different or unequal benefits as the decision criteria. The procedure calls for the determination of three numerical values. The Relative Weights show the relative importance of the benefits. The Delphi Technique is used to obtain the assignments of the Relative Weights from a group of experts, and convert them to a general consensus of expert opinion. The Alternative Ratings are numerical values from 0.00 through 10.00, that reflect how well each alternative satisfies each benefit. (Modified author abstract)
Descriptors : *Economics, *Decision making, Substitutes, Costs, Benefits
Subject Categories : Administration and Management
Economics and Cost Analysis
Distribution Statement : APPROVED FOR PUBLIC RELEASE