Answered: Bectol, Inc. is building a dam. A total…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Bectol, Inc. is building a dam. A total of 10 million cu
ft of dirt is needed to construct the dam. A bulldozer is used
to collect dirt for the dam. Then the dirt is moved via dumpers
to the dam site. Only one bulldozer is available, and it rents
for $100 per hour. Bectol can rent, at $40 per hour, as many
dumpers as desired. Each dumper can hold 1,000 cu ft of
dirt. It takes an average of 12 minutes for the bulldozer to
load a dumper with dirt, and each dumper an average of five
minutes to deliver the dirt to the dam and return to the

bulldozer. Making appropriate assumptions about exponen-
tiality, determine how Bectol can minimize the total expected

cost of moving the dirt needed to build the dam.

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