FOREWORD
Economic analysis is a systematic and well-defined study of alternatives. It is a concept, a way
of thought-life, that:
of thought-life, that:
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Analyzes available resources
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Identifies alternative ways of handling a problem
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Compares results of alternative solutions
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Recommends a solution based on well-defined data
Maintenance managers are well-advised to learn when and how to use economic analysis to
guide their thoughts and verify their recommendations.
guide their thoughts and verify their recommendations.
i (FIST 4- 3)