A cement grinding mill "X" with a capacity of 47.894 tons per hour utilizes forged steel grinding balls costing P12,476 per ton, which have a wear rate of 124 grams per ton cement milled. Another cement mill "Y" of the same capacity uses high chrome steel grinding balls costing P62,000 per ton with a wear rate of 30 grams per ton cement milled. Determine the more economical grinding mill, considering other factors to be the same. What is the total cost for grinding mill "X"? (amount in PhP/hr) to work

A cement grinding mill "X" with a capacity of 47.894 tons per hour utilizes forged steel grinding balls costing P12,476 per ton, which have a wear rate of 124 grams per ton cement milled. Another cement mill "Y" of the same capacity uses high chrome steel grinding balls costing P62,000 per ton with a wear rate of 30 grams per ton cement milled. Determine the more economical grinding mill, considering other factors to be the same. What is the total cost for grinding mill "X"? (amount in PhP/hr) to work

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

9. K
Please answer in 4 decimal places
Topic: engineering economics

A cement grinding mill "X" with a capacity of 47.894 tons per hour utilizes forged steel grinding balls costing P12,476 per ton, which have a
wear rate of 124 grams per ton cement milled.
Another cement mill "Y" of the same capacity uses high chrome steel grinding balls costing P62,000 per ton with a wear rate of 30 grams
per ton cement milled.
Determine the more economical grinding mill, considering other factors to be the same.
What is the total cost for grinding mill "X"? (amount in PhP/hr)
to work

Application of economic techniques to the evaluation of design and engineering alternatives. The role of engineering economics is to assess the appropriateness of a given project, estimate its value, and justify it from an engineering standpoint.

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