What are the advantages and disadvantges of performing an engineering economic analysis

The differences between these groups of bacteria are considered to be important in determining appropriate treatments for infections. Developed in by Danish physician Hans Christian Gram, this method is considered as the most important procedure in microbiology and is still the cornerstone of bacterial identification and the taxonomic division. Basically, a gram stain is a kind of laboratory or microbiology test that is performed to determine whether bacteria are present on a variety of specimens, which include tissue, blood, sputum and stool.

What are the advantages and disadvantges of performing an engineering economic analysis

Data mining is applied effectively not only in the business environment but also in other fields such as weather forecast, medicine, transportation, healthcare, insurance, government…etc. Data mining has a lot of advantages when using in a specific industry.

Besides those advantages, data mining also has its own disadvantages e. We will examine those advantages and disadvantages of data mining in different industries in a greater detail. Through the results, marketers will have an appropriate approach to selling profitable products to targeted customers.

Data mining brings a lot of benefits to retail companies in the same way as marketing. Through market basket analysis, a store can have an appropriate production arrangement in a way that customers can buy frequent buying products together with pleasant.

In addition, it also helps the retail companies offer certain discounts for particular products that will attract more customers. Manufacturing By applying data mining in operational engineering data, manufacturers can detect faulty equipment and determine optimal control parameters.

For example, semiconductor manufacturers have a challenge that even the conditions of manufacturing environments at different wafer production plants are similar, the quality of wafer are a lot the same and some for unknown reasons even has defects.

Data mining has been applying to determine the ranges of control parameters that lead to the production of the golden wafer.

What are the advantages and disadvantges of performing an engineering economic analysis

Then those optimal control parameters are used to manufacture wafers with desired quality. Governments Data mining helps government agency by digging and analyzing records of the financial transaction to build patterns that can detect money laundering or criminal activities. Disadvantages of data mining Privacy Issues The concerns about the personal privacy have been increasing enormously recently especially when the internet is booming with social networks, e-commerce, forums, blogs….

Because of privacy issues, people are afraid of their personal information is collected and used in an unethical way that potentially causing them a lot of troubles. Businesses collect information about their customers in many ways for understanding their purchasing behaviors trends.

At this time, the personal information they own probably is sold to other or leak. Security issues Security is a big issue. Businesses own information about their employees and customers including social security number, birthday, payroll and etc.

However how properly this information is taken care is still in questions. There have been a lot of cases that hackers accessed and stole big data of customers from the big corporation such as Ford Motor Credit Company, Sony… with so much personal and financial information available, the credit card stolen and identity theft become a big problem.

This information may be exploited by unethical people or businesses to take benefits of vulnerable people or discriminate against a group of people. In addition, data mining technique is not perfectly accurate.

Therefore, if inaccurate information is used for decision-making, it will cause serious consequence. Conclusion Data mining brings a lot of benefits to businesses, society, governments as well as the individual.

However, privacy, security, and misuse of information are the big problems if they are not addressed and resolved properly.Advantages: Civil engineers are central figures in community timberdesignmag.comngs and roads provide the basis of city infrastructure.

Engineers not only provide them, but they use their skills to optimize performance and efficiency of community systems. Jun 27,  · 3 Advantages and Disadvantages of ABC Analysis Inventory; He graduated from Georgia Tech with a Bachelor of Mechanical Engineering .

The advantages of group problem solving can include: Greater output Simply because of the number of people involved, each with differing experience, knowledge, points of view and values, a larger number and variety of ideas for solving a problem can be produced.

12 Advantages and Disadvantages of Performance Appraisals. Pros and Cons; Oct 5, It is like a report card showing how one has been performing during the past year.

So, is it necessary? Below are advantages and disadvantages of performance appraisal. Advantages Of Performance Appraisals. 1. Improves Performance. As per the definition of AI, it is the science and technology which are based on regiments like Computer Science, Biology, Psychology, Linguistics, Mathematics, and Engineering.

The main focus of AI is to bring in advancement to computer functions associated with human intelligence, which includes reasoning, learning, and problem-solving.

literature, as “project management”, “organization management by means of projects”, “project-oriented firms”, and so on. The forms are in different economic and noneconomic - fields; we consider it unnecessary to list, advantages and disadvantages, as well as to try to.

Advantages & Disadvantages of Cost Benefit Analysis | timberdesignmag.com