Engineering Economy (17th Edition)
17th Edition
ISBN: 9780134870069
Author: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Videos
Textbook Question
Chapter 3, Problem 8P
Prepare a composite (weighted) index for housing construction costs in 2014, using the following data: (3.3)
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Compute to three decimal places. (See attached)
Initial values are: PX = $9500 PY = $10000 I = $15000 A = $170000 W = 160
This function is: Qs = 89830 -40PS +20PX +15PY +2I +.001A +10W
Every year, there is some form of construction work going on at UF's campus. In January
2018, bids were opened for a new building on campus for UFPD. The bid/construction value of
the building was set at $5 Million. Another building of similar structure and purpose is planned
with a bid opening in January 2023. What is the expected bid for the new building?
It is given that in January 2000, the Florida Construction Cost Index had a value of 5550, while in
January 2018, that value was 8000. You can use these price indices to calculate an average
inflation in construction costs.
Question 1
Cost of a stainless vessel in year 2002 was $33,000. Estimate its cost in year 2016 by using CEPCI data.
CEPCI of year 2002 = 395.6; CEPCI of year 2016 = 541.7
Answer
Chapter 3 Solutions
Engineering Economy (17th Edition)
Ch. 3 - A green (environmentally friendly) office building...Ch. 3 - You are planning to build a new home with...Ch. 3 - Prob. 3PCh. 3 - Prob. 4PCh. 3 - Prob. 5PCh. 3 - Prob. 6PCh. 3 - Prob. 7PCh. 3 - Prepare a composite (weighted) index for housing...Ch. 3 - Prepare a composite (weighted) index for housing...Ch. 3 - Prob. 10P
Ch. 3 - Prob. 11PCh. 3 - Prob. 12PCh. 3 - Prob. 13PCh. 3 - The capital investment cost for a...Ch. 3 - The capacity of a switch grass-fueled ethanol...Ch. 3 - Prob. 16PCh. 3 - The time to assemble the first unit on a...Ch. 3 - Prob. 18PCh. 3 - For the data below (3.4 .3) a. Find the regression...Ch. 3 - A company that manufactures shuttle cars and mines...Ch. 3 - Prob. 21PCh. 3 - Prob. 22PCh. 3 - Prob. 23PCh. 3 - Prob. 24PCh. 3 - Prob. 25PCh. 3 - Prob. 26PCh. 3 - Prob. 28SECh. 3 - Prob. 31CSCh. 3 - Prob. 32CSCh. 3 - Prob. 36FECh. 3 - Prob. 37FECh. 3 - Prob. 38FECh. 3 - Prob. 39FECh. 3 - Prob. 40FECh. 3 - Prob. 41FE
Additional Business Textbook Solutions
Find more solutions based on key concepts
If a 3-percent increase in the price of corn flakes causes a 6-percent decline in the quantity demanded, what i...
Microeconomics (9th Edition) (Pearson Series in Economics)
Determine the price elasticity of demand if, in response to an increase in price of 10 percent, quantity demand...
Microeconomics
A case study in this chapter discusses the federal minimum-wage law. a. Suppose the minimum wage is above the e...
Principles of Economics, 7th Edition (MindTap Course List)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Similar questions
- Exercise2: A company makes iron benches and wants to determine the break-even point. The total fixed cost for the business is $60,000 and the variable cost is $40 per bench. It sells the bench for $100 per unit. Determine the BEP and construct a graph.arrow_forwardGeorge Kyparisis makes bowling bals in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of a 3% increase in productivity. He has the following data representing a month from last year and an equivalent month this year: Last Year Cost Per Input Unit Now Units Produced Labor (hours) Resin (pounds) Capital Invested ($) Energy (BTU) 1,000 1,000 280 255 $10 per hour $6 per pound 1% per month $0.50 per BTU 48 43 9,000 10,000 3,000 2,850 The percent change in productivity for one month last year versus one month this year on a multifactor basis with dollars as the common denominator =% (enter your response as a percentage rounded to two decimal places).arrow_forwardWhat is the definition of the internal rate of return (IRR) (it is efficient to write down the formula)? What are the given information and what is the unknown variable?arrow_forward
- What is the composite index in 2014? Group of answer choices 172 120 153.5 130arrow_forwardBetween 2004 and 2005, the cost of a typical consumer’s market basket in Singsville increased from 33 to 33.5.Assuming 2004 is the base year, calculate the index number for this market basket in 2004.arrow_forwardAn arena in Winnipeg cost $ 4.7 million in 2005. Estimate the cost of building a similar arena in Vancouver. Construction costs inVancouver are believed to be 31% higher than Winnipeg. The all-items Consumer Price Index (CPI) for 2005 in Canada was 107,while the latest available CPI is 137.3.arrow_forward
- Computing levels: Suppose xt grows at 2% per year and yt grows at 5% peryear, with x0 = 2 and y0 = 1. Calculate the numerical values of zt for t = 0,t = 1, t = 2, t = 10, t = 17, and t = 35 for the following cases:(a) z = x(b) z = y(c) z = x3/4y 1/4arrow_forwardYou will want to copy the table below into Excel (or enter by hand). Then in Excel compute the 3 production indexes for aluminum, fertilizer, and lumber with time period 1 as the base period. You will use these index values to answer the questions in this homework set. Quantity Quantity Quantity Time Period Aluminum Fertilizer Lumber 2 3 4 525 575 500 625 600 1033 57 10,000 62 9,500 68 11,000 74 10,000 81 12,000 Setting time period 1 as the base period, aluminum production index has value of in time period 3. (Your answer may differ slightly from provided answers due to rounding, but one answer will be much closer.)arrow_forwardHomeowner Henry is building a fireplace for his house. The fireplace will require 2500 bricks. (a) If the cost of a Chimney Brick in 2007 was $2.10, calculate the material cost of Henry’s project in 2020. The Chimney Brick Index (CBI) was 442 in 2007 and is expected to be 651 in 2020. (b) Estimate the material cost of a similar fireplace to be built in the year 2023. What assumption did you make?arrow_forward
- Y=X+4X2-0.2X3 (Y=is wheat fields in kgs and X=amount of ferterlizer applied) Derive MPP and APP of the variable factorarrow_forwardA manufacturing company produced 7200 units that sold for OMR 93600. The total variable costs for the units produced were OMR 68400 and the fixed costs were OMR 34440. The break-even point in sales value is OMR (................). (Write the number only) Answer:arrow_forwardA certain index for the cost of purchasing and installing utility boilers is keyed to 1988, where its baseline value was arbitrarily set at 100. Company XYZ installed a 50,000-lb/hour boiler for $525,000 in 2000 when the index had a value of 468. This same company must install another boiler of the same size in 2017. The index in 2017 is 542. What is the approximate cost of the new boiler?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Managerial Economics: Applications, Strategies an...EconomicsISBN:9781305506381Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. HarrisPublisher:Cengage Learning
Managerial Economics: Applications, Strategies an...
Economics
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:Cengage Learning
Difference between Renewable and Nonrenewable Resources; Author: MooMooMath and Science;https://www.youtube.com/watch?v=PLBK1ux5b7U;License: Standard Youtube License