Scribd Logo
Upload

Welcome to Scribd!

  • 4 views

    1 14

    Uploaded by

    yasirlatif8383
    E

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    1 14

    Uploaded by

    yasirlatif8383
    4 views4 pages
    E

    Original Title

    1.14

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    E

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    4 views4 pages

    1 14

    Uploaded by

    yasirlatif8383
    E

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    Q-1-14

    a. What is the problem in this situation? Please state it in an explicitand


    precise manner.

    b. Systematically apply the seven principles of engineering economy (pp. 3–6)


    to the problem you have define din Part(a).

    c. Assuming that your common unit of measure is dollars(i.e., cost),what is


    the better value forgetting a pizza based on the criterion of minimizing cost
    per unit volume?

    d. What other criteria might be used to select which pizza to purchase?

    Solution:

    a. Problem Statement: The problem is to determine which pizza option provides


    the best value based on minimizing the cost per unit of volume.

    b. Applying the Seven Principles of Engineering Economy:

    1. Develop the Alternatives:


    o There are two alternatives: the square pizza from “Pick-Up-Sticks”
    and the round pizza from “Fred’s.”
    2. Focus on the Differences:
    o Differences include pizza shape, thickness, size, total cost, and
    delivery charges.
    3. Use a Consistent Viewpoint:
    o Compare both options for cost per unit volume.
    4. Use a Common Unit of Measure:
    o Dollars per cubic inch of pizza volume will be our measure.
    5. Consider All Relevant Criteria:
    o Cost per volume is the primary criterion, but we should also consider
    other factors like delivery speed, taste, and crust style.
    6. Make Uncertainty Explicit:
    o Assume both pizzas have the same quality for toppings and overall
    taste.
    7. Revisit Your Decisions:
    o Once the analysis is done, the results can be re assessed based on
    other criteria if needed.

    c. Determining Better Value (Cost per Unit of Volume):

    1. Calculate the volume of each pizza:


    o Pick-Up-Sticks Pizza (Square):
     Volume = length × width × thickness
     Volume = 20 inches × 20 inches × 1.25 inches = 500 cubic
    inches
    o Fred’s Sasquatch Pizza (Round):
     Volume = π × (radius)^2 × thickness
     Radius = 20 inches / 2 = 10 inches
     Volume = π × (10 inches)^2 × 1.75 inches ≈ 549.78 cubic
    inches
    2. Calculate the total cost for each pizza:
    o Pick-Up-Sticks: $15 + 5% tax + $1.50 delivery = $17.25
    o Fred’s: $17.25 + 5% tax (free delivery) = $18.11
    3. Calculate cost per cubic inch:
    o Pick-Up-Sticks: $17.25 / 500 ≈ $0.0345 per cubic inch
    o Fred’s: $18.11 / 549.78 ≈ $0.0329 per cubic inch
    o Conclusion: Fred’s offers a slightly better cost per cubic inch.

    d. Other Criteria to Consider:

     Pizza taste and crust style


     Time for delivery
     Customer service and satisfaction

    Q#13
    Problem Formulations:

    1. Career vs. Education Continuity: Should Mary accept the job now and risk delaying her
    degree?

    2. Short-Term Financial Gain vs. Long-Term Goals: Can Mary balance work and studies or
    find alternatives to support her education?

    b. Feasible Solutions:

    1. Accept the job with a clear plan to return to finish her degree in a specific time.

    2. Find part-time work or scholarships to balance immediate income needs and studies.

    3. Complete her degree part-time while working.

    Q#15
     Define the Need: Homeowners need better protection from weather
    elements and energy efficiency.

     State the Problem: Homeowners lack storm doors and face weather-related
    issues (e.g., drafts, energy loss) but need clarity on specific benefits.

     Generate Alternatives: Consider options like storm doors with insulation,


    glass, or screen inserts; explore other weatherproofing solutions.

     Caulking of windows

     Weather stripping

     Better heating equipment

     Install a storm door

     More insulation in the walls, ceiling, etc. of the house

     Various combinations of the above.

    You might also like