# An improved design of a computerized piece of continuous quality measuring equipment used to control the thickness of rolled sheet

###### Question:

An improved design of a computerized piece of continuous quality measuring equipment used to control the

thickness of rolled sheet products is being developed. It is estimated to sell for $125,000 more than the current design. Based on present test data, however, the typical user has the following probabilities of achieving different performance results and cost savings (relative to the current unit) in the first year of operation (assume these annual cost savings would escalate 5% per year thereafter; a five-year analysis period is used; the MARR=18%, and the net market value after five years is 0): (a) Based on the E(PW), is the new design preferable to the current unit? (b) Based on a decision tree analysis, what is the EVPI? What does the EVPI tell you? Cost Savings in Year One (S) 60,000 40,000 18,000 Performance Results Optimistic Most likely Pessimistic Probability 0.30 0.55 0.15 ## Answers #### Similar Solved Questions 1 answer ##### An asteroid has acquired a net negative charge of from being bombarded by the solar wind... An asteroid has acquired a net negative charge of from being bombarded by the solar wind over the years, and is currently in equilibrium whereby it expels electrons at the same rate as it acquires them. How many more electrons does it have than protons?... 1 answer ##### An employee receives an hourly wage rate of$18, with time and a half for all...
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