A cement grinding mill “A” with a capacity of 50 tons per hour utilizes forged steel grinding balls costing Php12,000 per ton, which have a wear rate of 100 grams per ton cement milled. Another cement mill “B” of the same capacity uses high chrome steel grinding balls costing Php50,000 per ton with a wear rate of 20 grams per ton cement milled. Determine the more economical grinding mill, considering other factors to be the same.

A cement grinding mill “A” with a capacity of 50 tons per hour utilizes forged steel grinding balls costing Php12,000 per ton, which have a wear rate of 100 grams per ton cement milled. Another cement mill “B” of the same capacity uses high chrome steel grinding balls costing Php50,000 per ton with a wear rate of 20 grams per ton cement milled. Determine the more economical grinding mill, considering other factors to be the same.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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