(Steps Shown) [#10 from page 171 (instructor modified)]. A manufacturer plans to use either Robot " A " or Robot " B " in one of its new production processes.
Question: [#10 from page 171 (instructor modified)]. A manufacturer plans to use either Robot " A " or
Robot " B " in one of its new production processes. Robot " A " costs $180,000 and has
estimated hourly operational costs of $100; Robot " B " costs $250,000 and has
estimated hourly operational costs of $80. Assume conditions are such that 5,000
represents the maximum number of hours " x " that either Robot might be utilized
during any production cycle (i.e. the restricted "domain" for this problem is 0 ≤ x ≤ 5 ,000 ).
- [ 2 ] Write the total COST function C = f ( x ) for each Robot.
-
[
2
]
At what number of hours "x" would the total COSTs of using either Robot be
the same? - [ 2 ] Calculate each Robot’s total COSTs at the value of " x " from part "b".
-
[
2
]
Which of the two Robots would COST the least to operate for
4,567
hours
during a particular production cycle? What is this COST? -
[
4
]
Use the Chart Wizard feature of Excel to graph each of the two alternatives.
Base your two data points on total COST @ x = 0 hours and @ x = 5,000 hours.
Then use a trend line to represent each set of data points, and indicate each trend
line’s equation. -
[
2
]
For what values of "
x
" will the least costly alternative be Robot "
A
"? Robot
" B "? - [ 2 ] After completing the above computations for Robots " A " and " B "—but prior to
purchasing either Robot—one of your associates discovers that a third Robot—
Robot " C " is available. It costs $260,000 and has estimated operational costs of
$110 per hour. Write the total COST function C = f ( x ) for Robot " C ". Then,
determine for what values of " x " Robot " C " would be the least costly alternative.
Deliverable: Word Document 