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Name: To minimize costs on the production line, an industrial engineer at a
Uploaded: 2024-03-20T07:07:26.000Z
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Description: To minimize costs on the production line, an industrial engineer at a fiber-optic manufacturing firm is considering two robots. Robot X would have a $82,000 first cost, a $30,000 annual maintenance and operation (M&O) cost, and $50,000, $42,000, and

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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To minimize costs on the production line, an industrial engineer at a fiber-optic manufacturing firm is considering two robots. Robot X would have a $82,000 first cost, a $30,000 annual maintenance and operation (M&O) cost, and $50,000, $42,000, and $35,000 salvage prices after 1, 2, and 3 years, respectively. Robot Y will have a first cost of $97,000, a yearly M&O cost of $27,000, and after 1, 2, and 3 years, respectively, salvage prices of $60,000, $51,000, and $42,000. If a 2-year study period is specified at an interest rate of 15 percent per year and replacement after 1 year is not an option, what robot should be selected?

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