The purchased and installation costs of some pieces of equipment are given as a function of weight rather than capacity. An example of this is the installed costs of large tanks. The 1980 cost for an installed aluminum tank weighing 100,000 lb was $390,000. For a size range from 200,000 to 1,000,000 lb, the installed cost-weight exponent for aluminum tanks is 0.93. If an aluminum tank weighing 700,000 lb is required, what is capital investment needed in 2002? Notice: If you can't find exponent (x), you can use the value 0.6

The purchased and installation costs of some pieces of equipment are given as a function of weight rather than capacity. An example of this is the installed costs of large tanks. The 1980 cost for an installed aluminum tank weighing 100,000 lb was $390,000. For a size range from 200,000 to 1,000,000 lb, the installed cost-weight exponent for aluminum tanks is 0.93. If an aluminum tank weighing 700,000 lb is required, what is capital investment needed in 2002? Notice: If you can't find exponent (x), you can use the value 0.6

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter7: Nonlinear Optimization Models

Section: Chapter Questions

Problem 56P

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