...Engineering Economy Sullivan Wicks Koelling 15th Edition Solutions Manual Click here to download immediately!!! http://solutionsmanualtestbankspdfs.blogspot.com/2011/10/engineering-economy-sullivanwicks_10.html Name: Engineering Economy Author: Sullivan Wicks Koelling Edition: 15th ISBN-10: 0132554909 Type: Solutions Manual - The file contains solutions and questions to all chapters and all questions. All the files are carefully checked and accuracy is ensured. ENGINEERING ECONOMY FIFTEENTH EDITION This is a sample chapter Solutions Manual WILLIAM G. SULLIVAN Virginia Polytechnic Institute and State University ELIN M. WICKS Wicks and Associates, L.L.P. C. PATRICK KOELLING Virginia Polytechnic Institute and State University Engineering Economy Sullivan Wicks Koelling 15th Edition Solutions Manual Engineering Economy Sullivan Wicks Koelling 15th Edition Solutions Manual Solutions to Chapter 1 Problems A Note To Instructors: Because of volatile energy prices in today's world, the instructor is encouraged to vary energy prices in affected problems (e.g. the price of a gallon of gasoline) plus and minus 50 percent and ask students to determine whether this range of prices changes the recommendation in the problem. This should make for stimulating inclass discussion of the results. 1-1 Because each pound of CO2 has a penalty of $0.20, Savings = (15 gallons $0.10/gallon) (8 lb)($0.20/lb) = $1.34 If Stan can drive his car for less than $1.34/8...
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...THE BASICS OF ENGINEERING ECONOMY Economics * It is defined as the sum total of knowledge which treats of the creation (production), distribution and utilization (consumption) of goods and services for the satisfaction of human needs and wants * The body of knowledge which deals with people and their assets or resources Money * Anything that is generally acceptable as a means of exchange a unit of measure and acts as a store value Engineering (Accreditation Board for Engineering and Technology) * The profession in which a knowledge of the mathematical and natural sciences gained by study, experience, and practice is applied with judgment to develop ways to utilize, economically, the materials and forces of nature for the benefit of mankind." Engineering economy * The analysis and evaluation of the monetary consequences by using the theories and principles of economics to principles of engineering applications, designs and projects. * It may also be defined as the study of problems involving economic solutions with the concept of obtaining the maximum productivity or reward at least cost or risk. * Generally, it involves the systematic evaluation of the economic merits of proposed solutions to engineering problems. To be economically acceptable solutions should have a positive balance of long-term benefits over long-term costs. Besides it should promote the well-being and survival of an organization, embody creative and innovative technology...
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...Homework 4 The Global Impact of Safety Jonathan Shuty, Spenser Tripp, Caitlyn Hagarty, Yuliia Kapeliushna Part 1: In the modern Western style industrial setting, the culture has shifted from blind efficiency in production to putting major emphasis on safety and welfare of workers. The Industrial Revolution has long since passed. Manufacturing facilities have had plenty of time to stabilize their processes so that changing them to consider the safety of the worker would not cause an unacceptable drop in profits. Social pressure from the working class also contributed to this shift, as unsafe working conditions were no longer a necessary reality of the industry. Unfortunately, this emphasis on safe work practices is not a worldwide standard. Countries that have more recently started to become industrialized are trying to catch up, and this puts emphasis on production above all else. As a result, this can often lead to work environments that would be utterly unacceptable in the west. A good example of this lack of concern for worker safety is the Kader Toy Factory fire in May 1993. The Kader Toy Factory, located outside Bangkok, Thailand, manufactured toys and dolls, mostly made from plastic (ILO, 2011). Before the tragedy in 1993, the company experienced multiple, usually small fires. One fire, in 1989, completely demolished the facility. It didn’t reopen until 1990. The company was still repairing a building from fire damage when the May 1993 fire took 188 workers’ lives...
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...gMAPUA INSTITUTE OF TECHNOLOGY Department of IE-SEM CASE ANALYSIS REPORT Engineering Economy QUIZ NO. 5 Basic Methods for Making Economic Studies Submitted by: Aniag, Ed Christopher Cari, Carl Nicolas C. Hernandez, Edline Joy M. Ortega, Alyssa Georgia B. Section: CI September 24, 2012 I. OVERVIEW OF THE CASE The city of Peachtree is comparing two plans for supplying water to a newly developed subdivision. Below are the proposed plans for the subdivision: PLAN A Initial Cost Subsequent Cost Replacement Cost Operating Costs (1st year$19,000 15th year) Operating Costs (16th $182,000 year-20th year) Operating Costs (16th year $155,000 and onwards) Operating Costs (21st year $185,000 and onwards) *Operating Costs are on a yearly base. PLAN B $1,950,000 ---$350,000 $1,500,000 $3,000,000 $200,000 $105,000 TABLE 1. Summary of Costs for Plan A and Plan B II. PROBLEM STATEMENT In order to choose the best plan for water supply to the newly developed subdivision, a comparison of the two plans will be presented. The decision on which plan shall be used will be based on the equivalent annual cost of each proposal. The plan with the lower equivalent annual cost shall be chosen and recommended since it is more likely that it will charge less than the other. III. SOLUTION METHODOLOGY To compare the equivalent annual cost of Plan A and Plan B, the Future Worth Method shall be utilized. PLAN A Figure 1. Cash Flow Diagram of Plan A PLAN...
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...joint venture deals in the oil and gas sector, said Mohammad Khorshed Khastagir, Counsellor and Charge d'Affaires, Bangladesh Embassy. Many multinational companies have already invested in gas exploration in Bangladesh. US based Chevron Energy is currently producing around 1150mmcfd gas, which is roughly half of Bangladesh's daily production. Energy prices in Bangladesh are most competitive in the region. Transportation on green compressed natural gas is less than 20 per cent of the diesel price. Oman’s Sadara Development and Investment LLC is exploring ways to source Bangladeshi expertise and investment for shrimp farming and aquaculture in Oman. Studio Ecotecture Limited, an engineering consulting firm from Bangladesh, recently signed a MoU with Al Badi Trading and Cont Est. of Oman for JV in engineering, construction, infrastructure, and real estate projects in Oman. Muscat Thread Mills, an Omani public limited company listed with the Muscat Securities Market, is currently building a RO 3 million ($ 7 million) worth sewing thread factory in Bangladesh’s Comilla Export Processing Zone, a special economic zone that enjoys tax holidays and other investment related incentives. Boasting a production capacity of five tonnes a day, the factory’s returns are expected to average 25...
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...vs Old Economy NEW VS OLD ECONOMY Define the following: Old Economy: | an economy based on agriculture and manufacturing as opposed to high technology; also, a former economic system or state | New Economy: New industries, such as biotechnology or the Internet, that are characterized by cutting-edge technology and high growth. Fill in the following chart: CONTRASTS OLD ECONOMY | NEW ECONOMY | Requires control | Requires collaboration | Value is measurable | Value is emergent | Predictive | Experimental | Proximity is important | Location less significant | Assembly line focused | Community Focused | Clear boundaries and definitions | Shifting borders and consensus meaning | labour-intensive economy involving manufacturing and the movement of physical commodities | the "virtual" economy of computers and electronic commerce | creates value in a product through a simple formula: The object’s value is the sum of its obvious parts | Produces additional value by a complex interaction of the obvious parts with intangibles, like design, engineering, brand and cachet. | Pick any two points that you put in the chart and explain in your own words what it means. 1. The "virtual" economy of computers and electronic commerce (new economy). Vs labour-intensive economy involving manufacturing and the movement of physical commodities (old economy). Basically this point is explaining the change in the economy from old to new. In the old economy labour...
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...Operation Engineering We want to start an organization Operation engineering = products What is the product of a charity organization and who are the customers? What is the product of free TV? Operation engineering of a company Core business Support business 4 major activities to transform goods into final product using backward engineering techniques: Might be: * Conversion - e.g., creating steel from iron ore * Fabrication - e.g., forming steel into cans * Assembly - e.g., put cans, lids and ingredients together * Testing - e.g., testing for sealed weight Or The classical breakdown of all economic sectors follows:[1] * Primary: Involves the retrieval and production of raw materials, such as corn, coal, wood and iron. (A coal miner and a fisherman would be workers in the primary sector.) * Secondary: Involves the transformation of raw or intermediate materials into goods e.g. manufacturing steel into cars, or textiles into clothing. (A builder and a dressmaker would be workers in the secondary sector.) * Tertiary: Involves the supplying of services to consumers and businesses, such as baby-sitting, cinema and banking. (A shopkeeper and an accountant would be workers in the tertiary sector.) In the 20th century, it began to be argued that traditional tertiary services could be further distinguished from "quaternary" and quinary service sectors.[2] The quaternary sector of the economy is a way to describe a knowledge-based[1]...
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...the gender gap is referred to like the differences in outcome that males and females attain in the labor market. The differences are perceived in the ratio of males and females in the labor market, occupations that they choose as well as the income that they receive (John , 2014, p. 291). 1.2 Aims The report seeks to analyze the gender gap in Malaysia about the wage differentials in the labor market. 1.3 Country The report has opted to choose Malaysia has the country to analyze the gender gap that exists in the wage differential. 2.0 Background 2.1 History In the recent past, the economy of Malaysia has undergone crucial changes shifting from overdependence on agriculture to service as well as the manufacturing industry. Recently the service sector has become the key to the economic growth of Malaysia. The service industry has evolved to a more knowledge and capital intensive activities that call for more skilled-labor (Becky & Jennifer , 2009, p. 252). Such changes have led to increasing the wages that are being paid on the market as well as demand for more labor. 2.2 Gender gap However in Malaysia, the male labor participants are much higher as compared to the female labor participants although they are equally educated. It has been observed that employers prefer males as opposed to their female counterparts as...
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...that it measures its progress according to a commitment to meeting the needs of society (3M Website). As it notes on its website, this means that it placed a high value on sustainability, with specific goals to address the challenges of environmental changes (3M Website). 3M has been making the newest businesses its core focus, with the increased need for products and services in the businesses of renewable energy and technology (3M Annual Report). Recent areas of growth have been in Industrials and Transportation Safety, Security and Protection Services, and Health Care (3M Annual Report). 3M also supplies materials used in the solar industry (3M Website). The various career paths at 3M fall under the following categories: Engineering: Corporate, Engineering: Manufacturing/Quality, Finance, Human Resources, Information Technology, Marketing, Communications & Sales, Research & Development, Sourcing Operations and Supply Chain (3M Website). 3M has turned environmental protection into a key business with technology like solar panels and with the large amount of resources it saves through environmental initiatives (3M Annual Report). This involves preventing pollution and waste at its source, which it has been doing since 1975 when it started Pollution Prevention Pays initiative, called 3P (3M Annual Report) This initiative not only reduced pollution by 3.5 billion...
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...backbone of National development. Below are some of the roles played by business in developing the economy of Nigeria. - Employment Generation: In Nigeria privately own small, medium and large scale business has come to be known as major source employment creation, unlike pre independence era where government was the major employer. By doing this business has helped in reducing the rate of unemployment. Businesses employs people to help them achieve their aims and objectives, with the establishment of businesses in Nigeria unemployment rate have fallen to some extent. - Direct Creation of Wealth by Contribution to the Gross National Product (GNP): GNP is the total monetary value of all goods and services produced in a country within a particular year. Businesses contributes directly to this because with more businesses the GNP will increase, also as businesses grow GNP increases. A country's level of economic development in determined by its GNP. - Provision of Technical Innovation: Innovations has been engineering by businesses seeking to improve their products and services. These innovations has brought tremendous improvement in the economy of countries. - Providing Competition: Businesses compete among themselves to perform better, this competition has helped in improving the quality of goods and services produced by these companies and thus has improved the economy. - Filling Needs of other Businesses: Businesses provide for each other. Certain business provide...
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...Overview of real estate industry The real estate industry is one of the fastest growing industries in our economy, with a Compound Annual Growth Rate of approximately 30%..A US$ 16 billion industry at present, it is expected to touch US$ 60 billion in the next five years. The sustainability of growth in the real estate industry has its roots in strong demand fundamentals: a. Rapid expansion of the IT/ ITES and business outsourcing industry b. Rising demand in the residential sector, encouraged by rapidly increasing income levels; c. Acceptance of shopping malls as “one stop destinations” for consumers; and d. Growing popularity of Special Economics Zones as preferred destinations for both manufacturing and service industries. Ansal api Ansal Properties and Infrastructure Limited (APIL), promoted by the Delhi based Ansal Group, is one of the prominent real estate developers in Northern India. The Group, headed by brothers Sushil and Deepak Ansal, is engaged in developing integrated townships, IT cities and commercial and residential complexes. Ansal Group has been a major player in the real state sector in the country since 1967. It is now regarded as one of the top most real state group in the country. Sobha Developers Ltd. (SDL) formerly Sobha Developers Private Limited It is an Indian multinational real estate developer headquartered in Bangalore, India and engaged in the business of construction, development, sale, management and operation of all or any...
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...-688 Cooperation for transforming french economy. If France does not transform its economy in depth, the financial crisis sounds the start of repeated crises. This transformation will not be the result of technical measures, but a radical change of mindset, behavior, know-how on the part of all stakeholders because the economies of the future will be economies of cooperation. While we are going through one of the most serious financial crisis in history that contaminates all economic activities, we still have before us the thick walls against which the other day when our blind and unbridled race to growth-happiness will crash: aging poputlation, public health, dependency, pollution. Our elites employ a method that seems borrowed from the fire station of the eighth arrondissement of Paris, which is a stopgap “to save” or rather limit spending to what is necessary, which leads, nevertheless the deficits. Indeed, during the presidential campaign that just ended, have we not had discussions on accounting amounts that in view of the walls that lie ahead can only increase, even if proportions deserve to be controlled? A light point in the consciousness of some who begin to advocate a re-industrialization of France. However, the potion is still dark, when it is not translated into budget lines or if they promptly doubt its effectiveness. Others recall with great horns that they are the flagships of the French economy and with some additional resources, they will...
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...issues throughout the company and enhances their capabilities to identify and manage human rights issues in four areas relevant to their business: employees, security providers, community engagement and suppliers. Diversity councils throughout the company strive to provide every employee with a full opportunity to contribute to the company goals. Chevron's efforts to create and maintain a safety culture include starting meetings with safety lessons, tracking and awarding business units for strong safety performance, sharing best practices and lessons learned, and using behavior-based safety evaluations. Philanthropic Responsibility: Community involvement: We invest in improving public health, bolstering education and developing local economies, the key areas focused on here are: Economic Development; Health and Education - Chevron contributes to the economic and social well-being of people in the countries where they operate because they are aware...
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...Globalization What is globalization on our economy? Economic globalization is the increasing economic integration and interdependence of national, regional and local economies across the world through an intensification of cross-border movement of goods, services, technologies and capital. Our econonmy has an increasing rate of which it is using overseas worker to replace local jobs for American workers. The economy is changing fast. What has opened up the market to the globalization idea? Companies realize that they can find goods, services, technologies and capital at a much better value. As a comparison, an engineer in the United States, with a bachelor’s degree with a salary of $60,000 a year can be replaced by an engineer in India, with a master’s degree in engineering and happily accept a salary of $15,000 a year to do the same job. Sense the use of the internet and fibrotic phone service lines came out in the early 1990’s, the ability of communicating with the rest of the world became much more available. The first web browser that became popular with globalization was Netscape. In the early 1990’s, the big (.com) companies layed fibrotic cables across the world. These cables are still used today and have plenty of room for advancement and capacity. With the new technology using the internet, companies and users can exchange currency across the world securely with the company PayPal. I use PayPal regularly with my eBay store. I have sold many items across the world...
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...Universities as well as institutions are covered under RUSA and the minimum eligibility to get grants is accreditation. Mushrooming of engineering institutions for the sake of encashing on the growing aspirations of the citizens has led to severe deterioration in the quality of teaching learning process over the years. Quality is not an event; it’s a continuous process and a relentless pursuit to achieve academic excellence. It’s an ongoing, dynamic and lifelong endeavour of an institution. India has one of the largest and diverse education systems, in the world. Privatization, widespread expansion, increased autonomy and introduction of programs in new and emerging areas has improved access to higher education. At the same time it also led to widespread concern on the quality and relevance of the higher...
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