Engineerin Econimics analysis homework

formulate, and solve engineering problems):

Problem 1. A steam boiler is required as part of the design of a new plant. The types of fuel that can be used to ignite the boiler are natural gas, fuel oil, and coal. The cost of installation including all required controls is $40,000 for natural gas, $50,000 for fuel oil, and $120,000 for coal. In addition, the annual cost of fuel oil is $8,000 less than the annual cost of natural gas and $12,000 more than the annual cost of coal. If the boiler is to be utilized for 20 years and interest rate is 8%, determine the best alternative.

      

• The following is used for the assessment of SO f (An understanding of professional and ethical responsibility):

Choose the best answer (True or False) for the following statements:

• Engineers may hold paramount the safety, health and welfare of the public and may strive to comply with the principles of sustainable development in the performance of their professional duties.

True False

• Engineers shall perform services only in areas of their competence.

True False

• If possible, engineers shall issue public statements only in an objective and truthful manner.

True False

• Engineers shall act in professional matters for each employer or client as faithful agents or trustees, and shall avoid conflicts of interest.

True False

• Engineers shall build their professional reputation on the merit of their services and shall not compete unfairly with others.

True False

• Engineers do not have to act in such a manner as to uphold and enhance the honor, integrity, and dignity of the engineering profession, but shall act with zero-tolerance for bribery, fraud, and corruption.

True False

• Engineers shall continue their professional development throughout their careers, but do not have to provide opportunities for the professional development of those engineers under their supervision.

True False

• Without any disclosure to any interested party, engineers may accept compensation from more than one party for services on the same project, or for services pertaining to the same project.

True False

• Engineers, when serving as expert witnesses, shall express an engineering opinion only when it is founded upon adequate knowledge of the facts, upon a background of technical competence, and upon honest conviction.

True False

• Engineers may affix their signature or seals to any engineering plan or document dealing with subject matter in which they lack competence by virtue of education or experience or to any such plan or document not reviewed or prepared under their supervisory control.

True False

• The following is used for the assessment of SO g (An ability to communicate effectively) and PO j (A knowledge of contemporary issues):

Based on the lectures of the guest lecturers and DVD’s watched during the semester, write a paragraph (200 words) about a contemporary issue that is most important to you.

      

• The following is used for the assessment of SO g (An ability to communicate effectively) and PO i (A recognition of the need for, and an ability to engage in life-long learning:

Using internet, do a research on the current status of the local, national, or global economy in terms of the trends and opportunities in technology and industrial advancements (300 words).

      

• The following is used for the assessment of SO k (An ability to use techniques, skills, and modern engineering tools necessary for engineering practice):

Using Excel software or any other software package, solve problem 1. Include the required software command statements as part of your solution.