(Solution) An engineer is considering the size of a reservoir for flood control in the northern part of Germany. The size of the reservoir is closely related... > Snapessays.com


(Solution) An engineer is considering the size of a reservoir for flood control in the northern part of Germany. The size of the reservoir is closely related...


please answer attached questions.  An engineer is considering the size of a reservoir for flood control in the northern part of Germany. The size of the reservoir is closely related to the annual rainfall. In addition, there will be reparation costs from damages when the amount of rainfall exceeds the design capacity. If such damage occurs, it is estimated that the annual reparation cost will be 2.5% of the capital investment. The probabilities of specific amounts of rainfall per year and the estimated investment costs of the reservoir are given below. Using an interest rate of 10% per year and a study period of 11 years, determine the appropriate investment on the basis of AW.   Annual Rainfall, M3 Probability of Greater Rainfall Estimated Capital Investment $ 110 0.6 $2,500,000 120 0.2 $2,550,000 130 0.1 $2,600,000 140 0.055 $2,650,000 150 0.045 $2,700,000   What is the AW (Annual Worth) for annual rainfall 110?What is the AW (Annual Worth) for annual rainfall 120?What is the AW (Annual Worth) for annual rainfall 130?What is the AW (Annual Worth) for annual rainfall 140?What is the AW (Annual Worth) for annual rainfall 150?Which annual rainfall reservoir size would you select?      Buffalo Manufacturing is considering purchasing new equipment with an initial cost of $65,000 and zero market value at any time of its useful life. The company expects this new equipment to generate additional net revenue of $6700 per year. Due to the harsh environment in which the equipment will be operated, the useful life of the equipment is uncertain. The estimated probabilities of different useful lives are shown below. Calculate the expected present worth and variance of present worth associated with the purchase of the equipment.  Assume the company's MARR is 10% per year.   Useful life, Years (N) P(N) 3 0.1 4 0.1 5 0.15 6 0.18 7 0.47   Calculate the expected present worth associated with the purchase of the equipmentCalculate the variance of present worth associated with the purchase of the equipment.        Upon her graduation, Britney wants to buy her first car. Given the matrix of outcomes and rank of importance in the table below for alternatives and attributes, use the satisficing, dominance, disjunctive resolution, and lexicography methods to counsel Britney on her choice.  Attributes Rank* (1-most important) Model I Model II Model III Acceptable Range    Price 1 $25,000 $24,000 $22,000 $22,000-$24,000    Aesthetic appeal 4 68 78 88 68-88    Gas mileage 2 22.8 23.5 25.5 24-25.5    Luggage space 5 Fair Good Excellent Good-Excellent    Performance on road 3 78 85 87 85-100   Which alternative would you select with satisficing?Which alternative would you select with dominance?Which alternative would you select with disjunctive resolution?Which alternative would you select with lexicography?        David recently accepted a job in Florida and wants to buy a new condominium. The matrix of possible outcomes is given in the table below. What can David conclude using nondimensional scaling and additive weighting?  Attributes Weight   Alternative I Alternative II Alternative III Acceptable Range    Price 0.30 $220,000 $270,000 $320,000 $220,000-$320,000  Outside view 0.20 9 8 7 8-10  Distance from work 0.25 11 21 36 11-21  Neighborhood 0.10 Good Fair Excellent Good-Excellent  Expected increase in property  value at the end of 5 years 0.15 19% 11% 16% 11%-$16   What can David conclude using non dimensional scaling?What can David conclude using additive weighting?Please help and answer by breaking down per question.

 

1.

 

An engineer is considering the size of a reservoir for flood control in the northern part of

 

Germany.

 

The size of the reservoir is closely related to the annual rainfall.

 

In addition,

 

there will be reparation costs from damages when the amount of rainfall exceeds the

 

design capacity.

 

If such damage occurs, it is estimated that the annual reparation cost

 

will be 2.5% of the capital investment.

 

The probabilities of specific amounts of rainfall

 

per year and the estimated investment costs of the reservoir are given below.

 

Using an

 

interest rate of 10% per year and a study period of 11 years, determine the appropriate

 

investment on the basis of AW.

 

Annual

 

Rainfall, M

 

3

 

Probability of

 

Greater

 

Rainfall

 

EsTmated

 

Capital

 

Investment $

 

110

 

0.6

 

$2,500,000

 

120

 

0.2

 

$2,550,000

 

130

 

0.1

 

$2,600,000

 

140

 

0.055

 

$2,650,000

 

150

 

0.045

 

$2,700,000

 

a)

 

What is the AW (Annual Worth) for annual rainfall 110?

 

b)

 

What is the AW (Annual Worth) for annual rainfall 120?

 

c)

 

What is the AW (Annual Worth) for annual rainfall 130?

 

d)

 

What is the AW (Annual Worth) for annual rainfall 140?

 

e)

 

What is the AW (Annual Worth) for annual rainfall 150?

 

f)

 

Which annual rainfall reservoir size would you select?

 

2.

 

Buffalo Manufacturing is considering purchasing new equipment with an initial cost of

 

$65,000 and zero market value at any time of its useful life.

 

The company expects this

 

new equipment to generate additional net revenue of $6700 per year.

 

Due to the harsh

 

environment in which the equipment will be operated, the useful life of the equipment is

 

uncertain.

 

The estimated probabilities of different useful lives are shown below.

 

Calculate the expected present worth and variance of present worth associated with the

 

purchase of the equipment.

 

Assume the company's MARR is 10% per year.

 

Useful life, Years (N)

 

P(N)

 

3

 

0.1

 

4

 

0.1

 

5

 

0.15

 

6

 

0.18

 

7

 

0.47

 

a)

 

Calculate the expected present worth associated with the purchase of the equipment

 

1

 


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