Pearson eText for Engineering Economy -- Instant Access (Pearson+)
17th Edition
ISBN: 9780137533138
Author: William Sullivan, Elin Wicks
Publisher: PEARSON+
expand_more
expand_more
format_list_bulleted
Question
Chapter 3, Problem 23P
To determine
Calculate the cost.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Eight years ago when the relative cost index was 60, a 10 MW power generation facility cost $5M to build. Today the cost index is 110. What would the cost be to produce a 25MW facility today if the power sizing factor is 0.6?
The cost of 1500 ft2 filter vacuum rotary drum 4 years ago was 25000$. Today cost index value is 1775 and 1150 was 4 years ago. If the power-sizing exponent is 0.58 find the following: Calculate the cost of 3000 ft2 filter vacuum rotary drum 4 years ago.
The total design and construction cost for a sand filter machine to handle a flow rate of 0.7 million
gallons per day (MGD) was $1.9 million in 2010. Estimate the cost today for a flow rate of 2.4 MGD.
The cost index in 2010 of 161 has been updated to 285 for this year.
Component/System/Plant Size Range
Exponent
Activated sludge plant
Aerobic digester
Clarifier
Centrifuge
Sand filter
Heat exchanger
Cyclone separator
1 to 100 MGD
0.2 to 40 MGD
0.1 to 100 MGD
40 to 60 in
0.84
0.14
0.98
0.71
0.14
500 to 3000 ft?
20 to 8000 ft/min
0.55
0.64
Chapter 3 Solutions
Pearson eText for Engineering Economy -- Instant Access (Pearson+)
Ch. 3 - A green (environmentally friendly) office building...Ch. 3 - You are planning to build a new home with...Ch. 3 - Prob. 3PCh. 3 - Prob. 4PCh. 3 - Prob. 5PCh. 3 - Prob. 6PCh. 3 - Prob. 7PCh. 3 - Prepare a composite (weighted) index for housing...Ch. 3 - Prepare a composite (weighted) index for housing...Ch. 3 - Prob. 10P
Ch. 3 - Prob. 11PCh. 3 - Prob. 12PCh. 3 - Prob. 13PCh. 3 - The capital investment cost for a...Ch. 3 - The capacity of a switch grass-fueled ethanol...Ch. 3 - Prob. 16PCh. 3 - The time to assemble the first unit on a...Ch. 3 - Prob. 18PCh. 3 - For the data below (3.4 .3) a. Find the regression...Ch. 3 - A company that manufactures shuttle cars and mines...Ch. 3 - Prob. 21PCh. 3 - Prob. 22PCh. 3 - Prob. 23PCh. 3 - Prob. 24PCh. 3 - Prob. 25PCh. 3 - Prob. 26PCh. 3 - Prob. 28SECh. 3 - Prob. 31CSCh. 3 - Prob. 32CSCh. 3 - Prob. 36FECh. 3 - Prob. 37FECh. 3 - Prob. 38FECh. 3 - Prob. 39FECh. 3 - Prob. 40FECh. 3 - Prob. 41FE
Knowledge Booster
Similar questions
- The cost of a 68 m2 falling-film evaporator was 1.65 times the cost of the 30 m2 unit. What exponent value in the cost-capacity equation yielded this result?arrow_forwardFive years ago, when the relevant cost index was 135, a nuclear centrifuge cost $32,000. The centrifuge had a capacity of separating 1250 gallons of ionized solution per hour. Today, it is desired to build a centrifuge with capacity of 3500 gallons per hour, but the cost index now is 270. Assuming a power-sizing exponent to reflect economies of scale, x, of 0.72, use the power-sizing model to determine the approximate cost (expressed in today’s dollars) of the new reactor.arrow_forwardA car wheel making company has the following data related to cost: Total Cost = $ 15000 + 1000X and Total Revenue = 2500X, where X is the number of wheel. Calculate the Breakeven Point.arrow_forward
- As a manager have been asked to estimate the total cost of producing 40 engines in your company. Current engines have an output of 135-hp per engine. 7 years ago, a similar 180-hp engine cost was 4450 KD. Beside that due to extreme competition in the industry, the cost of an engine has decreased with 9% only for 3 intervals of time throughout this period. Total cost consists of engine cost, direct labor cost and other labor-related costs. Pertinent data are as follows: Direct labor cost per hour 20 KD per hour Factory overhead 150% of direct labor Packing costs 80% of direct labor Maintenance costs 10% of engine cost Cost-capacity factor 0.75 Past experience has shown that an 85% learning curve applies to the labor required producing these engines. Maintenance cost will be paid only once at the beginning of the second year. Use the estimated time to complete the 40th engine for the purpose of estimating the direct labor cost. The time to complete the first engine has been estimated to…arrow_forwardThe cost for a 200-horsepower (hp) pump, with controller, is $22,000. The cost estimate of a similar pump of 300 hp capacity, provided the exponentin the cost-capacity equation is 0.64, is closest to:a. $12,240b. $28,520c. $33,780d. $39,550arrow_forwardThe average cost function is:- 21Q - 33 Calculate the total cost functionarrow_forward
- ABC company is planning to double their production capacity in 2023. The construction cost of a similar plan in 2000 was $1.7 mil. The company has concluded that there is a significant Economy of scale opportunity with an exponent of 0.35. The construction cost index was 125 in the year 2000 and it is 250 in 2023. What is your best estimate of the cost of this expansion?arrow_forwardEstimate the cost of a 0.75 million gallon per day (MGD) induced-draft packed tower for air-stripping trihalomethanes from drinking water if the cost for a 2.9- MGD tower is $153,200. The exponent in the cost- capacity equation is 0.47. The cost of a 0.75 million gallon per day induced-draft packed tower is $arrow_forwardEconomics In one company it was calculated that producing 20 units 7 years ago would cost the company $11,000 Estimate the cost of producing 29 units today if the x exponent factor in the formula of cost capacity equation is 0.16 and the index 7 years was 140 and updated to 170 today.Solve with clear steps.arrow_forward
- The total cost of manufacturing 1,000 pieces and 2,050 pieces of a certain plastics product are 21,100 and 37,165.00, respectively. Determine the following: variable cost = fixed cost = average fixed cost per unit for the first 1,000 units =arrow_forwardThe net annual operating cost (AOC) for a water treatment filtration plant for a semi-conductor fabrication line was estimated to be $1.5 million per year. The estimate was based on the $200,000 per year cost of a 1-MGD plant. The exponent in the cost-capacity equation is 0.80. (a) What was the size of the larger plant? (b) Build a spreadsheet to answer the same question. (c) If the plant manager has limited the AOC to $1 million per year, use your spreadsheet to determine the maximum MGD size plant that can be planned.arrow_forwardFast pls solve this question correctly in 5 min pls I will give u like for sure Svtik The cost of an electrode position control system in an electric arc furnace was $16,000 when the applicable equipment cost index had a value of 1,192. If the current index value is 1,364 and the exponent in the cost-capacity equation has a value of 0.65, the estimated cost now of a similar system twice as large isarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Managerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage Learning
Managerial Economics: Applications, Strategies an...EconomicsISBN:9781305506381Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. HarrisPublisher:Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Managerial Economics: Applications, Strategies an...
Economics
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:Cengage Learning