ASSIGNMENT 1 (CLO-1) Describe the importance of Engineering Economics in general and specifically in environment related projects. Also, define the following terms / techniques used for the assessment of cash flows / finances involved in real-time engineering projects with an example for each term. 1. Bequest value 2. Contingent valuation 3. Contingent choice method 4. Implicit cost 5. Hedonic pricing 6. Validity and its types 7. Multi-Criteria Decision Making 8. Delphi technique 9. Reliability and its types