Engineering Economy
16th Edition
ISBN: 9780133582819
Author: Sullivan
Publisher: DGTL BNCOM
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Textbook Question
Chapter 3, Problem 8P
Prepare a composite (weighted) index for housing construction costs in 2014, using the following data: (3.3)
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This is an exercise. The cost of all the raw materials increased by 12% from the year 2017 to 2019. Find the composite Index in the year 2019 based on the year 2015.
Every year, there is some form of construction work going on at UF's campus. In January
2018, bids were opened for a new building on campus for UFPD. The bid/construction value of
the building was set at $5 Million. Another building of similar structure and purpose is planned
with a bid opening in January 2023. What is the expected bid for the new building?
It is given that in January 2000, the Florida Construction Cost Index had a value of 5550, while in
January 2018, that value was 8000. You can use these price indices to calculate an average
inflation in construction costs.
You will want to copy the table below into Excel (or enter by hand). Then in Excel
compute the 3 production indexes for aluminum, fertilizer, and lumber with time
period 1 as the base period. You will use these index values to answer the questions
in this homework set.
Quantity Quantity Quantity
Time Period Aluminum Fertilizer Lumber
2
3
4
525
575
500
625
600
1033
57 10,000
62
9,500
68 11,000
74 10,000
81
12,000
Setting time period 1 as the base period, aluminum production index has value of
in time period 3. (Your answer may differ slightly from provided answers due
to rounding, but one answer will be much closer.)
Chapter 3 Solutions
Engineering Economy
Ch. 3 - Prob. 1PCh. 3 - Prob. 2PCh. 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 - Prob. 14PCh. 3 - Prob. 15PCh. 3 - A biotech firm is considering abandoning its old...Ch. 3 - Prob. 17PCh. 3 - Prob. 18PCh. 3 - Prob. 19PCh. 3 - Prob. 20PCh. 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
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