Question
RESEARCH WORK INSTRUCTIONS; Using the scenario, undertake the 6 principles of economics to identify the Generator set that will be suitable for the total load
RESEARCH WORK INSTRUCTIONS; Using the scenario, undertake the 6 principles of economics to identify the Generator set that will be suitable for the total load of the Engineering Building. Scenario: The engineering building has a total load of 43,051 VA and is equivalent to 903.86 Amperes at 80 percent demand factor. Use the Seven Principles of Economics in purchasing a Generator Set that is compatible for the load requirement of the building. Problem in the Scenario 1. Scenario 2. Develop the Alternatives 3. Focus on the Differences 4. Use a Consistent Viewpoint 5. Use a Common Unit of Measurement 6. Consider All Relevant Criteria 7. Make Uncertainty Explicit 8. Decision for the Purchase
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