Question

The fixed cost for a stream line per meter of pipe is $550X + $75 per...

The fixed cost for a stream line per meter of pipe is $550X + $75 per year. The cost for loss of heat from the pipe per meter is $6.8/X^1/3 per year. Here, X represents the thickness of insulation in meters, and X is a continuous design variable.

a.) What is the optimum thickness of the insulation?

b.) How do you know that your answer in part (a) minimizes total cost per year?
0 0
Add a comment Improve this question Transcribed image text
Answer #1

that Total cost CE 55024+75 + 6.8 21/3 mis comowers at a Fell optionum cast, deze a 2% = 68 0 0/626- 38950 ,: Thickness (opti

Add a comment
Know the answer?
Add Answer to:
The fixed cost for a stream line per meter of pipe is $550X + $75 per...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Problem #3 (15 points) A pipe carrying high-temperature water is to be insulated and then mounted...

    Problem #3 (15 points) A pipe carrying high-temperature water is to be insulated and then mounted in a restricted space as shown in the figure below. The choices of the pipe diameter D (in meters) and the insulation X (in meters) are to be such that the outside diameter of the insulation Y is a minimum, but the total operating cost of the installation is limited to $40,000. This annual operating cost has two components, the water pumping power cost...

  • Exercise 1.17 A pipe with a diameter of 10 cm is surrounded by a sheet-metal clad insulation of 20 cm mineral wool (A = 0,045 W/m K). a) What is the heat loss per meter of pipe when the pipe is 9...

    Exercise 1.17 A pipe with a diameter of 10 cm is surrounded by a sheet-metal clad insulation of 20 cm mineral wool (A = 0,045 W/m K). a) What is the heat loss per meter of pipe when the pipe is 90 C warm and the sheet metal sheath of the insulation shows 40 °C? b) In a section of track, the insulation was incorrectly applied 10 cm eccentrically. What is the heat loss per meter of pipeline? The temperature...

  • A pipe made of stainless steel (k = 45 W / m*K) with an internal diameter...

    A pipe made of stainless steel (k = 45 W / m*K) with an internal diameter of 5 cm and an outer diameter of 5.5 cm is carrying a fluid at a temperature of 80 °C. The heat transfer coefficient for the fluid inside the pipe is 1000 W / m2 *K. The heat transfer coefficient of the air is 5 W / m2 *K and the air at a substantial distance from the pipe is at 25 °C. At...

  • *Using C++ (no printf command)* So, this is a basic cost vs. benefit problem.  For different...

    *Using C++ (no printf command)* So, this is a basic cost vs. benefit problem.  For different thicknesses of insulation, we will need to calculate the cost of purchasing and installing that thickness of insulation and compare that to the fuel savings generated by insulating the pipe with that thickness. DISCUSSION:  Your program will ultimately need to determine overall savings (in dollars) for each thickness and then find the thickness that corresponds to the largest overall savings. The overall savings is...

  • Write a C++ program to solve: The completed program should include the following: —Program input and...

    Write a C++ program to solve: The completed program should include the following: —Program input and output —Allow the user to input the starting, stopping and increment values for the insulation thickness and the air temperature. Also, at the end of the program, provide an opportunity for the user to use the program again without having to re-execute the program (ie. Ask them if they want to use the program again). —your program must find and output the value of...

  • Problem 6-39 (algorithmic) Question Help Two insulation thickness alternatives have been proposed for a process stoam line subject to severe weather conditions. One alternative must be selected. E...

    Problem 6-39 (algorithmic) Question Help Two insulation thickness alternatives have been proposed for a process stoam line subject to severe weather conditions. One alternative must be selected. Estimated savings in heat loss and installation cost are given below. Which thickness would you recommend or a ARRs 18% per year and ne ig ble market sa age values? The study per d is 4 years use the ted market value t cho que t esin at the m et alue ese...

  • Compute the total of variable cost per unit and total fixed cost. Variable Cost per unit Fixed Costs: Utility $12,400...

    Compute the total of variable cost per unit and total fixed cost. Variable Cost per unit Fixed Costs: Utility $12,400 3.00 Utility 10.50 Rent Direct Materials 36,000 14,000 $ 62,400 Direct Labor 4.50 Depreciation Total 18.00 Total USC has determined that the cost line for Utility Cost is 3x 12,400 y Prepare a C-V-P graph for USC. Use zero units and 7,000 units. Compute sales and total cost at those points Units 7,000 0 Sales Total Cost Include your graph...

  • Company A is considering replacing its current production line. The current line has fixed cost 350,000...

    Company A is considering replacing its current production line. The current line has fixed cost 350,000 per year, has variable cost 10 per unit and sells for 14 per unit. The new production line will have fixed cost of 500,000, variable cost of 9.6 per unit and sells for 16 per unit. 1. Determine the breakeven quantities for both lines. 2. Plot the two profit relations. 3. Determine the breakeven quantity between the two alternatives.

  • Business Costs Product or Period Cost Variable or Fixed Cost Per Unit Cost (Variable) Annual Cost...

    Business Costs Product or Period Cost Variable or Fixed Cost Per Unit Cost (Variable) Annual Cost (Fixed) Artist - contract Product Fixed $10,000 Artist - design fee Product Fixed $3,600 Computer/Printer 90% Product Fixed $5,400 Computer/Printer 10% Period Fixed $600 Depreciation - Computer/Printer 90% Product Fixed $1,800 Depreciation - Computer/Printer 10% Period Fixed $200 Depreciation - Heat Press Machine Product Fixed $1,500 Heat Press Machine Product Fixed $4,500 Liability Insurance Period Fixed $3,600 Mall Rent (Manufacutring) 90% Product Fixed $27,000...

  • Brooklyn Diagnostic Center has the following cost structure: Fixed Cost: $725,000         Variable Cost Per Procedure: $15...

    Brooklyn Diagnostic Center has the following cost structure: Fixed Cost: $725,000         Variable Cost Per Procedure: $15 Furthermore, assume that the center expects to perform 2,500 procedures in the coming year.    A. What is the group’s underlying cost structure? Insert your response here.     B. What are the groups expected total cost? Insert your response here.     C. What are the groups’s estimated total costs at 3,500 procedures? At 5,000 procedures? Insert your response here.     D. What is the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT