Engineering Economic Analysis of Alternatives Using Benefits as Criteria for Evaluation.

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)

Document Details

Document Type
Technical Report
Publication Date
Mar 01, 1974
Accession Number
AD0787045

Entities

People

  • Michael C. Motichko

Organizations

  • United States Army Materiel Command

Tags

DTIC Thesaurus Topics

  • Abstracts
  • Delphi Method
  • Economic Analysis
  • Engineering
  • Industrial Engineering
  • Test And Evaluation

Readers

  • Organizational Process Management (OPM).
  • Systems Analysis and Design