Engineering Economy

[Name of the institute]

Engineering Economy

When we talk about engaging our self's in any business or engineering activity, there is always a margin or in other words, an acceptable rate of return that the business owner seeks so that the business could be analyzed that whether it is profitable or not. This rate of return is called MARR (minimum acceptable rate of return). As from the name, it is the minimum acceptable return in terms of percentages that a business owner seeks from its business operations or from a project before starting the projects or that particular business operation. Some people ...