Selection Among Alternatives


Engineering or business projects can be accomplished by more than one method or alternatives. The alternatives are developed from project proposals to achieve a stated purpose. The alternatives may be classified as one of the following:

Mutually Exclusive: When the selection of one alternative excludes the choice of any other alternative being considered, the alternatives are classified as mutually exclusive. 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. ...

Get Engineering Economy now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.