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What is selection of an alternative?
Selecting one from the various alternatives is called decision making. When trying to make a good decision, a person must weigh the positives and negatives of each option, and consider all the best possible alternative.
What is alternative selection in engineering economy?
A mutually exclusive alternative selection takes place, for example, when a person must select the one best diesel driven car from several competing models. Independent: When more than one economically viable alternative can be selected, the alternatives are classified as independent. ...
