Corrosion
Economics
Any engineering project undertaken by a profit motivated organization has the
underlying aim of enhancing the wealth of its owners (shareholders). Management
in industry ultimately bases its decisions on this principle, including those
related to corrosion control. The selection of optimal projects from the
viewpoint of owners wealth lies in the financial domain of capital budgeting
techniques. These techniques determine how capital should be invested in the
long term. ... and much more!!
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Module Contents