Beruflich Dokumente
Kultur Dokumente
THE OBJECTIVE
FUNCTION
Course Three
Solution
The income in dollars per day from the
plant is found from the selling prices
25C
Processing costs
Equality constraints:
Inequality constraints:
40,000
0,000
25,000
Solution
Assumptions:
1. Both ends are closed and flat.
2. The vessel walls (sides and ends) are of
constant thickness t (not a function of
p) with density .
3. The cost of fabrication and material is
the same for both the sides and ends,
and is S (dollars per unit weight).
4. There is no wasted material during
fabrication due to the available width of
metal plate.
2.4
2.9
2.9
4.3
Example 3 Optimum
Thickness Of Insulation
The insulation is
added to reduce
heat losses from
the pipe. We
develop an
analytical
expression for
insulation thickness
based on a
mathematical
model
(a)
= thickness of insulation, m
hc
Solution
The energy savings due to insulation can be
calculated from the difference between Q(x =
0) = Q0, and Q(x = x)
(b)
(c)
t = 3 year
t = n year
(1)
(2)
(3)
The following is a list of some useful
extensions of equation (2)
If m = 1
then
327.4 months
Solution
We want to calculate the present value of
each alternative. The present value of
alternative
A is
$53,462
Measures of Profitability
Among the numerous measures of
economic performance that have been
proposed, two of the simplest are:
1. Payback period (PBP)-how long a
project must operate to break even;
ignores the time value of money.
(r = 0.291
from Table)
Task
Chapter 3
3.1, 3.4, 3.9, 3.12, 3.17