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The Engineering News-Record (widely known as ENR) is an American weekly magazine that provides news, analysis, data and opinion for the construction industry worldwide. It is widely regarded as one of the construction industry's most authoritative publications and is considered by many to be the "bible" of the industry. It is owned by BNP Media.
In business and for engineering economics in both industrial engineering and civil engineering practice, the minimum acceptable rate of return, often abbreviated MARR, or hurdle rate is the minimum rate of return on a project a manager or company is willing to accept before starting a project, given its risk and the opportunity cost of forgoing other projects. [1]
The selection of the proper index to use depends on the industry in which it is applied. For example, while CE, M&S or IC Index are typically employed for chemical process industries, the ENR (Engineering News-Record) construction index is used for general industrial construction and takes in account the prices for fixed amounts of structural steel, cement, lumber and labor.
The study of Engineering Economics in Civil Engineering, also known generally as engineering economics, or alternatively engineering economy, is a subset of economics, more specifically, microeconomics. It is defined as a "guide for the economic selection among technically feasible alternatives for the purpose of a rational allocation of scarce ...
ENR may refer to: In media: Engineering News-Record, a weekly magazine covering the global construction industry; Emissora Nacional de Radiodifusão, now Rádio e Televisão de Portugal, the Portuguese public service broadcasting corporation; In organizations: European New Right, a European political far-right movement
Since engineering is an important part of the manufacturing sector of the economy, engineering industrial economics is an important part of industrial or business economics. Major topics in engineering industrial economics are: The economics of the management, operation, and growth and profitability of engineering firms;
Construction management (CM) aims to control the quality of a project's scope, time, and cost (sometimes referred to as a project management triangle or "triple constraints") to maximize the project owner's satisfaction.
Managerial economics uses explanatory variables such as output, price, product quality, advertising, and research and development to maximise net benefits. Mathematical model analysis; The use of econometric analysis has grown with the development of economics and management, as has the use of differential calculus to determine profit maximisation.