Q: Describe the Fundamental Principles in Engineering Economics?
A: Engineering economics uses economic procedures for the purpose of designing evaluation and other…
Q: This does not solve for the Present Worth of Costs
A: Two design alternatives: 1) Steel Girder 2) Concrete Girder Initial cost of Steel Girder = $2.25…
Q: what is the methods of Economic Complexity evaluations and goals and concerns
A: Introduction Economic complexity is a measure of the diversity and sophistication of a country's…
Q: Which are The four principles of engineering economics?
A: Fundamental Principles of Engineering Economics: Principle 1: A close by penny is worth a distant…
Q: Define the term engineering economic decisions?
A: Engineering economics is the Application of economic principle in the analysis of decision making in…
Q: While managing a project, you decide to prepare an email for the project stakeholders describing the…
A: While managing a project ,when we decide to prepare an email for the project stakeholders describing…
Q: Suggest two (2) stakeholders/ groups that may be appropriately represented as: 1. (low interest and…
A: Shareholders: It refers to the people who are an essential part of the business growth. The increase…
Q: List the four principles of engineering economics?
A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…
Q: (a) Q1: Examine the data in the Table below and determine the lifetime costs of this hybrid vehicle.…
A: To determine the lifetime costs of this hybrid vehicle, we need to consider both the purchase cost…
Q: Question Table Q4 shows information for systems A and B. By using the information provided…
A: - Given information:Output (X1) = X1 units per dayDollar spent (Y1) = Y1 per unit$ spent for a day…
Q: Alternatives are stand-alone descriptions of viable solutions to problems that can meet the…
A: Introduction Alternative helps to meet the solution of the problem. Correct answer: its correct…
Q: The Pear company produces and sells pPhones. Their production costs are $290000 plus $180 for each…
A: Break-even is when total revenue equals total cost.
Q: 8. The capitalized cost of a series of cash flows starting at the end of the first year with $7,500…
A: A capitalized cost is an expense added to the cost basis of a fixed asset on a company's balance…
Q: A civil engineer has 2 alternative designs for a house. a. Design 1 calls for a workforce…
A:
Q: Upon purchase of a brandnew asset, the capitalized cost would be different from its replacement…
A: Depreciation means the reduction in the value of fixed assets over period of time. It help to…
Q: Describe the four principles of engineering economics?
A: Principle 1: A close by penny is worth a distant dollar A fundamental concept in engineering…
Q: U.S. and international agencies provide policies andregulations to guide managers in product…
A: Economic policies: The monetary arrangement of governments covers the frameworks for setting tax…
Q: What is a weakness of using LCOE as a benchmark for comparing generation methods? a. It does not…
A: Present value is the idea that expresses an amount of cash today is worth more than that equivalent…
Q: ____ are defined as costs which are incurred regardless of the alternative action chosen in a…
A: In economics total cost refers to the market value of the inputs used by the firm in its production…
Q: Assume that the people of Phobos and Deimos (the moons of Mars) use equal resources to produce…
A: The conception of the Production Possibility Curve. Purpose. It is a visual presentation of all the…
Q: SPL Group is into mining, agricultural-based and forest-based products, supplying wood, coal, carbon…
A: *Answer:
Q: What do engineering economic decisions refer to?
A: Engineering Economics is a subject that engineers should be well-versed in. This topic explains why…
Q: a. Multiplot O b. Riskplot O c. Spiderplot
A: It can be described as a tool that is used to access the point in a project where the total cost of…
Q: 1. An industrial engineer has designed 2 alternative methods for accomplishing a production job.…
A: To judge whether a method of production is relatively economical or not we find the productivity of…
Q: Formulate a Tactial Decision-Making Model for below scenario. Kindly Follow the Format on the…
A: Tactical choices and plans are those that deal with the more precise implementation of the board of…
Q: SITUATION3: Under the data collected from the office of Department of Transportation and DPWH over…
A: The value of a statistical life (VSL) is the monetary value placed on the loss of a human life. It…
Q: Person B is a mother of C (1 year old). B derives utility from income Y (i.e. a disposable income…
A: a. Reservation wage refers to the minimum wage that would be acceptable for the labor in order to…
Q: True or False 1. The breakeven point always maximizes the profit. 2. Selecting the best…
A: The Break even point is the point where the Contribution Margin is equal to the fixed expenses or we…
Q: Preference decisions compare potential projects that meet screening decision criteria and will be…
A: Introduction:“Capital investment decisions” are also known as “capital budgeting decisions” as these…
Q: What is FW of Design A, Design B, and Design C. Which alternative should be chosen. Do not round off…
A: With time, interest is added to the invested amount, and the investor receives the higher amount in…
1) When and why should a utility approach be applied?
2) Explain how utility could be used in a decision where performance is not measured
by monetary value.
3) What are the key traits and differences of Project and Review Technique
(PERT)/Critical Path Method (CPM)?
4) Why perform sensitivity analysis?
5) Explain how and why all predecessor activities must be considered when finding the
earliest start time
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- Suggest two (2) stakeholders/ groups that may beappropriately represented as: 1. (low interest and low power) and 2. (high interest and high power) when starting a bottled water companyDefine the term engineering economic decisions?True or False 1. The breakeven point always maximizes the profit. 2. Selecting the best alternative always depends on the economy under study, rather than the total costs.
- 1. An industrial engineer has designed 2 alternative methods for accomplishing a production job. Both methods involve the acquisition of the same working place and other capital equipment to be used for this job only. Method A calls for a crew consisting of 3 men each costing P30/hr. This method will result in the production of 10 units/hr of which 2 will be rejects. Method B calls for a crew of 2 men each costing P35/hr and should result in the production of 8 units/hr of which 1 will be reject. The cost of the direct material lost in each reject is P20. If a certain total number of units is to be produced, find which method is NOT economical.(a) Q1: Examine the data in the Table below and determine the lifetimecosts of this hybrid vehicle. b) As logistics manager, you’re considering the following alternativevehicle for your fleet. What are its lifetime costs in comparison withthe hybrid vehicle? c) Calculate the indifference point between the two vehicle designsand the expected age of the vehicles at this point. d) Which car should you choose if you intend to own it for longer thanthis time?Question Table Q4 shows information for systems A and B. By using the information provided determine: Table Q4 Information on System A & B System A Output X1 unit per day Dollar spent Y1 per unit $ spent for day Kl per day Other cost Z1 per day System B Output X2 unit per day Expenditure Y2 per unit $ spent for day K2 per day Other cost Z2 per day a. Assuming that system A is stable, determine the following: i. The 100% output of system A, if the output per maximum is noted to be at 60%. ii. The unit of output considering losses, if the output of system A is 30% higher than the one given in Table above and the output per unit effective capacity is 0.65. iii. From (i), determine the new quantity (unit) of the output to reach an additional 20% increment in unit per maximum for system A. iv. The quantity (unit) of the output for A that should be able to be collected if the efficiency is 80%, the unit of the output is the same as (ii). b. Assuming that both systems are stable and operating…
- SPL Group is into mining, agricultural-based and forest-based products, supplying wood, coal, carbon black, tendu leaves, tobacco extracts, honey, herbal, tree-barks (such as cinnamon) and opiates to intermediaries who make cigars, cigarettes, toothpowder, anti-psychotic drugs, etc. The group firmly believes in the ‘Triple Bottom Line’ of 3Ps, creating value for all the stakeholders; Planet, People and then Profits. SPL Group is committed to developing its business towards ecological, social and economic sustainability. All of these are recognized as shared responsibilities within the Group, enabling the continuous improvement of its operations.The company has initiated a multi-pronged approach to CSR within the organization.The ultimate objective is to see that each business decision takes into account its social impact and accordingly plans an intervention to mitigate the impacts arising out of that decision. It is equally important to ascertain that every activity done under CSR…U.S. and international agencies provide policies andregulations to guide managers in product design,manufacturing/assembly, and disassembly/disposal.They include:a) U.N. Commission on Resettlement.b) World Health Organization (WHO).c) OSHA, FDA, EPA, and NHSA.d) EPA, ISO, and British High Commission.e) GHG Commission, UN, and ISO.While managing a project, you decide to prepare an email for the project stakeholders describing the current project status. This is best described as an example of: A. Vertical communication B. Nonverbal communication C. Informal communication D. Formal communication Analogous Estimating is an estimation technique that use the values of parameters such as scope, cost, budget and duration from a previous similar activity as the basis of activity and is frequently used to estimate when there is a limited amount of information about the project. This is a form of: A. Gross value estimation B. Function point estimation C. Fixed point estimation D. Precision Estimation
- SITUATION3: Under the data collected from the office of Department of Transportation and DPWH over the last 5 years indicate that for each fatality, there are 40 non-fatal injury accidents ($1500 present cost each) and 300 property damage accidents ($2000 present cost each). What is the breakeven value of statistical Me (VSL) needed to justify a highway project if i is 8%? The death rate on a particular three-lane road is 8 per 100 million vehicle-miles. Adding a lane would reduce this to 5 per million, and other accidents would cost $1.5M per mile to build, and annual maintenance would be 3% of the first cost. Assume that the lane would last 40 years. The road carries 10000 vehicle per day. Use reduction factor of 3/8 for all accidents. (Non-CE students no need to answer this item).please read and answer the question below with details for every point i mentioned in the question and dont write the guidline but answer as a sample including numbers accordance with the project value (comperhensive answer) (As if I would present it adequately in front of the students and write explanation how to get the numbers for every point The Neom project is a planned megacity and special economic zone developed in the Tabuk province in northwest Saudi Arabia. Envisioned by the crown prince of Saudi Arabia, it is expected to spread across an area of 26,500 km² and have over 9 million residents. The city will be powered by renewable energy sources and feature advanced technology and infrastructure. The USD 500-billion megacity is a part of Saudi Vision 2030 to diversify the crude oil-dependent Saudi economy. The city showcases a new future in the middle east with its independent jurisdiction outside the kingdom - please read and answer the question below with details NEOM Aim…Describe the four principles of engineering economics?
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