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6 views5 pages

rashed 1 (1)

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2ma200112
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The University of Jordan

School of Engineering
Civil Engineering Department

CE 0901420 Engineering Economy Spring, 2021


– 2022
Take-home Quiz 1
Due Date: August 12, 2022
Name: Rashed mahmod Allawama
Student Number: 0193435

A lash adjuster keeps the pressure constant on


engine valves, increasing automobile engines'
fuel efficiency. The relationship between price
(p) and monthly demand (D) for lash
adjusters made by the Wicks Company is given
by this equation: D = (2,000 − p)/0.20.
a) What is the demand (D) when total revenue
is maximized?
b) What important data are needed if maximum
profit is desired?
Solution:
D = (2000 – P) / 0.20
2000 – P = 0.20 D
P = 2000 – 0.20 D
a = 2000 , b = 0.20
D = a / 2b

D = 2000 / 2* 0.20
D = 5,000
Profit = TR – TC
Then, by discussing the derivative of he
profit fu nction, we can maximize cot
As a result, we require revenue as a function
of d emand and cost as a function of demand
for maxi mum profit.
The second derivative must be
negative for optimum profit .

Problem 2
Six years ago, an 80-kW diesel-electric set
cost $145,000. The cost index for this
class of equipment six years ago was 187 and
is now 194. The plant engineering staff was
considering a
120-kW unit of the same general design to
power a small isolated plant that would
have cost
$200,145
Based on the information above the plant
engineering staff is considering a 100-
kW unit of the same general design to power a
small isolated plant. Assume we
want to add a pre- compressor, which (when
isolated and estimated separately)
currently costs $10,000. Determine the total
cost of the 100-kW unit.
Solution:

Cn +145000*(194/187)=$150428
150428=200145*(80/120)^x so x=0.70
For 100-Kw , 150428*(100/80)^0.7= $175859
Total cost= 10000+175859 = $ 185859
Problem 3
The structural engineering design section
within the engineering department of a
regional
electrical utility corporation has developed
several standard designs for a group of similar
transmission line towers. The detailed design
for each tower is based on one of the standard
designs. A transmission line project involving
50 towers has been approved. The estimated
number of engineering hours needed to
accomplish the first detailed tower design is
126.
Assuming a 95% learning curve.
What is your estimate of the number of
engineering hours needed to design the
eighth tower and to design the last tower in
the project?

-n=log (S)/ log(2)= log0.95/log2 = -0.074


-k = 126
Z8 = 126*(8^-.074)= 108 hours
Z50= 126*(50^-0.074)= 94.3 hours

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