Chapter:
Explain why subject of engineering economics is important to civil engineer. [2072 Ashwin][4]
Fields of civil engineering, involves construction of big projects with huge investment which directly related to the economy of the society. There occur a lot of alternatives, selection of best alternative is always a very important task. So, decision making is always challenging and touch. Analysis of each alternatives by considering all relevant criteria, technically economically (initial cost, future saving) is must necessary civil. engineers can play vital role in decision making to evaluate the condition, feasibility an appropriateness of an alternatives of a given project, estimate its value and justify it from an engineering stand points and finally discover the best alternative for implementation. for this knowledge about both in the field of civil engineering and engineering economics is necessary which clearly shows the important of engineering economics to civil engineers.
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