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Contemporary Engineering Economics 6th Edition by Chan Park
Edition 6ISBN: 978-0134105598Contemporary Engineering Economics 6th Edition by Chan Park
Edition 6ISBN: 978-0134105598 Exercise 32
Mike Lazenby, an industrial engineer at Energy Conservation Service, has found that the anticipated profitability of a newly developed water-heater temperature-control device can be measured by
present worth with the formula
NPW = 4.028 V (2 X $11) 77,860
where V is the number of units produced and sold and X is the sales price per unit. Mike also has found that the value of the parameter V could occur anywhere over the range from 1,000 to 6,000 units and that of the parameter X anywhere between $20 and. $45 per unit. Develop a sensitivity graph as a function of the number of units produced and the sales price per unit.
present worth with the formula
NPW = 4.028 V (2 X $11) 77,860
where V is the number of units produced and sold and X is the sales price per unit. Mike also has found that the value of the parameter V could occur anywhere over the range from 1,000 to 6,000 units and that of the parameter X anywhere between $20 and. $45 per unit. Develop a sensitivity graph as a function of the number of units produced and the sales price per unit.
Explanation
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Contemporary Engineering Economics 6th Edition by Chan Park
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