A cement grinding mill "X" with a capacity of 48.072 tons per hour utilizes forged steel grinding balls costing P12,474 per ton, which have a wear rate of 105 grams per ton cement milled. Another cement mill "Y" of the same capacity uses high chrome steel grinding balls costing P62,000 per ton with a wear rate of 30 grams per ton cement milled. Determine the more economical grinding mill, considering other factors to be the same. What is the total cost for grinding mill "X"? (amount in PhP/hr)

A cement grinding mill "X" with a capacity of 48.072 tons per hour utilizes forged steel grinding balls costing P12,474 per ton, which have a wear rate of 105 grams per ton cement milled. Another cement mill "Y" of the same capacity uses high chrome steel grinding balls costing P62,000 per ton with a wear rate of 30 grams per ton cement milled. Determine the more economical grinding mill, considering other factors to be the same. What is the total cost for grinding mill "X"? (amount in PhP/hr)

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter13: Nonlinear Optimization Models

Section: Chapter Questions

Problem 3P: Let S represent the amount of steel produced (in tons). Steel production is related to the amount of...

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Two alternatives are under consideration for a tapered fastening pin. Either design will serve the purpose and will involve the same material and manufacturing cost except for the lathe and grinder operations. Design A will require 16 hours of lathe time and 4.5 hours of grinder time per 1,000 units. Design B will require 7 hours of lathe time and 12 hours of grinder time per 1,000 units. The operating cost of the lathe including labor is ₱200 per hour. The operating cost of the grinder including labor is ₱150per hour. Which design should be adopted if 100,000 units are required per year and what is the economic advantage of the best alternative?
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