Engineering economy involves formulating, estimating, and evaluating the expected economic outcomes of alternatives designed to accomplish a defined purpose. Use information and backgrounds available on chapter 1 from slides and textbook to perform an engineering economy case of your selection, i.e. apply the general seven steps for decisionmaking processes. - It could be a real case for yourself or for somebody that you know - It's could be a an advice that you give to friend - Or new bossiness idea proposal - On the other hand, it's could be an alternative solution for an existing problem that business facing dilemmas and you can propose solution, specially these days of COVID 19 and its effect on business. - Use an approximate to real figure on your proposal, draw all cash flow diagram and show all work out and equations used - Word count for scenario and evaluation; between 700 to 900 words