For a decision problem which includes survey information it is found that EMV(survey)=111, EVPI=24, EMV(perfect)=121 and the survey cost is 6.Determine the value of the ENGSI.

Answered: For a decision problem which includes…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Calculate the sensitivity with respect to PW to +50% alters in (a) Initial investment (ii) Net annual receipt, (iii) MARR for following information Investment $95K, useful life 10 years, MARR=12%, Salvage value $10K, Annual receipts $20K
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Your Area Director wants to purchase new ergonomic office equipment for your staff. The total purchase price is quoted by Herman Miller to be $22,656. The main reason for the proposed purchase is the high rate of lost work days due to low back and wrist/hand issues. These are common problems associated with poor ergonomic position and repetition. You can sell the equipment in 8 years and have a salvage value of $4,619. It is estimated that the purchase of the new equipment will cut your lost work days by 61% and save you an estimated $11,812 per year in the costs associated with the lost work days. What is your EUAW for this proposed purchase at an interest rate of 6%? A. $7,354 B. $4,886 C. $8,631 D. $6,625
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A manufacturer of dishwashers is preparing to set the price on a new design. Demand is thought to depend on the price and is represented by D = 2100 – 4.3P The accounting department estimates that the total costs can be represented by C = 4840 + 6.2D (a) Develop a model for the total profit in terms of the price, P. (b) What will be the total profit if the price is $380.

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For a decision problem which includes survey information it is found that EMV(survey)=111, EVPI=24, EMV(perfect)=121 and the survey cost is 6 Determine the value of the ENGSI.