Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
17th Edition
ISBN: 9780134870069
Author: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher: PEARSON
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Chapter 3, Problem 37FE
To determine

Calculate miles driven per year.

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Car A initially costs 500 more than car B. but it consumes 0.04 gallon/mile versus 0.05 gallon/mile for B. Both vehicles last 8 years, and B's Salvage value S 100 smaller than A's. Fuel costs S 1.7 per gallon. Other things being equal. beyond how many miles of use per year does car A become preferable to car B
You get a discount on items when you order 500. The price of the item is $10 if you order less than 100 and $9 if you order 100 or more. The holding cost of the item is $2 per year. The setup cost is $20. The demand for the item is 2000 per year. Compute the optimal EOQ.
Last year, 18,00018,000 people died from a newly discovered disease. Pollution is one of the contributing factors. However, even if the level of pollution is reduced, it is estimated that about 5,5005,500 people will die annually from the disease. The estimated cost of a pollution-reduction project is $33.75$⁢33.75 billion; before investing, the government wants to verify the project's value.Calculate the average cost of a life saved. Enter your answer in U.S. dollars in the box below and round to the nearest whole number if necessary.
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