Name _
IE 226 Exam 1
G. Tonkay
February 20, 2009
INSTRUCTIONS: Answer all of the questions on the following 5 pages. If you need additional paper for a problem,
raise your hand and I will provide more blank pages. Show all of your work (unless you do not
Case 17
A Free Lunch?
by
William Truran
Stevens Institute of Technology
Zippy Quick, in his bright suit and straw hat, walked briskly into the large building complex
to see the superintendent (Super) about her heating, ventilating, and air conditioning (H
HW#2
ISE 226 Spring 2015
Solve the following problems and submit your solutions in class. For full
credit, please show all steps.
1) Pace Automation Corporation in Cookeville, Tennessee must choose the better economical
alternative between the two listed
Chapters 1 and 3 Review Questions Note: Questions 1 through 5 are all quite similar Question 1 Consider the simple barber shop simulation below of a barber shop with two barbers: Both interarrival times and service times are EXPO(1). Whenever an EXPO
HW#2
ISE 226 Spring 2015
Solve the following problems and submit your solutions in class. For full
credit, please show all steps.
1) Pace Automation Corporation in Cookeville, Tennessee must choose the better economical
alternative between the two listed
DRILL PROBLEMS
\
APPLICATION PROBLEMS
4. (a) The quarterly interest rate is 3%. The payment schedule follows in Figure 4.3
SOLUTIONS OF PROBLEMS NOT GRADED
DRILL PROBLEMS
APPLICATION PROBLEMS:
Problem 1)
Notation:
F1 indicates predominant flu is type I
F1 indicates predominant flu is type II
F1 indicates predominant flu is type Other
T1 indicates preliminary Test Cases points to type I
T2 indicates preliminary Test Cases points to type II
T3 in
IE 226
Problem 2)
This problem depended a great deal on what you wrote.
For economic factors you should have included:
Initial cost according to your requirements
Fuel consumption
Taxes
Insurance
Salvage Value
Maintenance and Repairs
To do the economic an
B/C Ratio Analysis
Supplemental
* Relative Measure: Benefit-Cost
Ratio
Typically used for investments made by
government entities
B = equivalent worth of the benefits of a
project to the user of the project (public)
C = equivalent worth of the costs of
IE 226 Spring 2013
Dr. Derya Pamukcu
Industrial and Systems Engineering
Lehigh University
Chapter 1
Making Economic Decisions
Chapter Outline
Types of Problems
Role of Engineering Economic Analysis
Problem-Solving / Decision-Making
Process
Ethical Dim
IE 226 Spring 2013
Dr. Derya Pamukcu
Industrial and Systems Engineering
Lehigh University
Chapter 5
Present Worth Analysis
Chapter Outline
Assumptions in Solving Economic Analysis
Problems
Economic Criteria
Applying Present Worth Techniques
Useful Liv
IE 226 Spring 2013
Dr. Derya Pamukcu
Industrial and Systems Engineering
Lehigh University
Bonds
Similar to loan in that a contract defines
an exchange of money between two
parties
Companies, governments,
municipalities sell bonds to investors
(you!) to
IE 226 Spring 2013
Dr. Derya Pamukcu
Industrial and Systems Engineering
Lehigh University
Chapter 4
Equivalence for Repeated Cash
Flows
Chapter Outline
Uniform Series Compound Interest
Formulas
Arithmetic Gradient
Geometric Gradient
Continuous Compoun
IE 226 Spring 2013
Dr. Derya Pamukcu
Industrial and Systems Engineering
Lehigh University
Chapter 8
Choosing the Best Alternative
Chapter Outline
Incremental Analysis (extended to using
PW and EUAC methods)
Graphical Technique in solving problems
with m
IE 226 Spring 2013
Dr. Derya Pamukcu
Industrial and Systems Engineering
Lehigh University
Chapter 10
Uncertainty in Future Events
Copyright
Oxford
Chapter Outline
Single estimate versus a range of estimates
Probability distributions in economic
analysis
IE 226 Spring 2013
Dr. Derya Pamukcu
Industrial and Systems Engineering
Lehigh University
Chapter 9
Other Analysis Techniques
Chapter Outline
Future Worth Analysis
Benefit-Cost Ratio or Present Worth Index
Analysis
Payback Period
Sensitivity, Breakeve
IE 226 Spring 2013
Dr. Derya Pamukcu
Industrial and Systems Engineering
Lehigh University
Chapter 2
Engineering Costs
and
Cost Estimating
Chapter Outline
Engineering Costs
Cost Estimating and Estimating Models
Learning Objectives
Understand various cos
Case 3
Wildcat Oil in Kasakstan
by
Herb Schroeder
University of Alaska Anchorage
Wildcat Oil has recently discovered a new 500 million barrel crude oil reservoir in Kasakstan.
Reservoir engineers predict recovery of about 300 million barrels with current
ISE 226 Spring 2015
Dr. Derya Pamukcu
Industrial and Systems Engineering
Lehigh University
1
Chapter 1
Making Economic Decisions
2
Chapter Outline
Types of Problems
Role of Engineering Economic Analysis
Problem-Solving / Decision-Making Process
Ethical Di
Name: _
ISE 226 Spring 2015
HW#3 (10 questions)
Please solve the problems below. Draw a cash flow diagram and show how you reached the result as
appropriate.
1) Given the cash flow table below, the value of X may be determined by the equation in
_, if the
ISE 226
Chapter 8
Choosing the Best Alternative
Dr. Derya Pamukcu
Industrial and Systems Engineering
Lehigh University
V .1.0
Chapter Outline
Incremental Analysis (extended to using PW
and EUAC methods)
Graphical Technique in solving problems with
mutua
ISE 226
Chapter 9
Other Analysis Techniques
and
Chapter 16
Economic Analysis in the Public Sector
Dr. Derya Pamukcu
Industrial and Systems Engineering
Lehigh University
V 1.01
1
Chapter Outline
Future Worth Analysis
Benefit-Cost Ratio or Present Worth I