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
Question
Chapter 3, Problem 11P
To determine
Calculate the cost.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
The purchase price of a natural gas-firedcommercial boiler (capacity X) was $181,000 eight years ago. Another boiler of the same basic design, except with capacity 1.42X, is currently being considered for purchase. If it is purchased, some optional features presently costing $28,000 would be added for your application. If the cost index was 162 for this type of equipment when the capacity X boiler was purchased and is 221 now, and the applicable cost capacity factor is 0.8, what is your estimate of the purchase price for the new boiler
The purchase price of a natural gas-fired commercial boiler (capacity X) was $177,000 eight years ago. Another boiler of the same basic design, except with capacity 1.42 X is currently being considered for purchase. If it is purchased, some optional features presently costing $28,000 would be added for your application. If the cost index was 169 for this type of equipment when the capacity X boiler was purchased and is 220 now, and the applicable cost capacity factor is 0.8, what is your estimate of the purchase price for the new boiler?
The purchase price of a natural gas-fired commercial boiler (capacity X) was $180,000 eight years ago. Another boiler
of the same basic design, except with capacity 1.38X, is currently being considered for purchase. If it is purchased,
some optional features presently costing $26,000 would be added for your application. If the cost index was 165 for
this type of equipment when the capacity X boiler was purchased and is 224 now, and the applicable cost capacity
factor is 0.8, what is your estimate of the purchase price for the new boiler?
The purchase price for the new boiler is $. (Round to the nearest dollar.)
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
Knowledge Booster
Similar questions
- Eight years ago when the relative cost index was 60, a 10 MW power generation facility cost $5M to build. Today the cost index is 110. What would the cost be to produce a 25MW facility today if the power sizing factor is 0.6?arrow_forwardThe cost of a piece of equipment was $67,900 when the relevant cost index was 1457.4. Determine the index value when the same equipment was estimated to cost $83,400?arrow_forwardA mini-wind tunnel for calibrating vane or hotwire anemometers costs $3750 in 2011 when the Marshall and Swift (M&S) equipment cost index value was 1490.2. If True-Tech Instruments estimated the cost of a wind tunnel twice as large to be $10,200 in 2016, what did it expect the equipment cost index value to be, provided the equipment cost increased accordingly? The cost-capacity equation exponent is 0.89.arrow_forward
- Five years ago, when the relevant cost index was 135, a nuclear centrifuge cost $32,000. The centrifuge had a capacity of separating 1250 gallons of ionized solution per hour. Today, it is desired to build a centrifuge with capacity of 3500 gallons per hour, but the cost index now is 270. Assuming a power-sizing exponent to reflect economies of scale, x, of 0.72, use the power-sizing model to determine the approximate cost (expressed in today’s dollars) of the new reactor.arrow_forwardEquipment necessary to manufacture adjustable ball-lock pins for pulling two components together had a cost of $185,000 when the M&S Equipment Cost Index was 1375.4. What is the cost estimate for a similar system when the index value is 1634.9?arrow_forwardAB Jackson Industries installed a compressor and pump system in 2010 at a cost of $87,200. If the FRED equipment cost index applies, what will be the estimated cost now for a similar system when the index value is 273?arrow_forward
- The total design and construction cost for a sand filter machine to handle a flow rate of 0.7 million gallons per day (MGD) was $1.9 million in 2010. Estimate the cost today for a flow rate of 2.4 MGD. The cost index in 2010 of 161 has been updated to 285 for this year. Component/System/Plant Size Range Exponent Activated sludge plant Aerobic digester Clarifier Centrifuge Sand filter Heat exchanger Cyclone separator 1 to 100 MGD 0.2 to 40 MGD 0.1 to 100 MGD 40 to 60 in 0.84 0.14 0.98 0.71 0.14 500 to 3000 ft? 20 to 8000 ft/min 0.55 0.64arrow_forwardEstimate the cost in 2018 of a 1000-horsepower steam turbine air compressor if a 200-horsepower unit costs $160,000 in 1999. The exponent in the cost capacity equation is 0.35 and the equipment cost index increased by 35% over that time period.arrow_forwardEquipment necessary to manufacture adjustable ball-lock pins for pulling two components together had a cost of $185,000 when the FRED Equipment Cost Index was 210.0. What was the estimated cost of a similar system in 2015 when the index value was 245.9?arrow_forward
- An engineer who owns a construction company that specializes in large commercial projects noticed that material costs increased at a rate of 1% per month over the past 12 months. If a material cost index were created for that year with the value of the index set at 100 at the beginning of the year, what is the value of the index at the end of the year? Express your answer to two decimal places.arrow_forwardA quadrupole mass spectrometer can be purchased today for $85,000. The owner of a mineral analysis laboratory expects the cost to increase exactly by the specialty laboratory equipment cost index over the next 10 years. (a) If the specialty equipment inflation rate is estimated to be 2% per year for the next 3 years and 5% per year thereafter, how much will the spectrometer cost in 10 years? (b) If the applicable cost index is 1203 now, what will the index be 10 years from now at the expected inflation rates?arrow_forwardProblem 2 Six years ago, an 80-kW diesel-electric set cost $160,000. 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 $211,707. 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 $13,000. Determine the total cost of the 100-kW unit. ■ a profit is desired? a THE UNIVERSITY OF JORDAN myhp Iarrow_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