(Solution Download) 1-14. While studying for the engineering economy final exam, you and two friends find yourselves...
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1-14. While studying for the engineering economy final exam, you and two friends find yourselves craving a fresh pizza. You can?t spare the time to pick up the pizza and must have it delivered. ?Pick-Up-Sticks? offers a 1-1/4-inch-thick (including toppings), 20-inch square pizza with your choice of two toppings for $15 plus 5% sales tax and a $1.50 delivery charge (no sales tax on delivery charge). ?Fred?s? offers the round, deep-dish Sasquatch, which is 20 inches in diameter. It is 1-3/4 inches thick, includes two toppings, and costs $17.25 plus 5% sales tax and free delivery.
= What is the problem in this situation? Please state it in an explicit and precise manner.
= Systematically apply the seven principles of engineering economy (pp. 3?6) to the problem you have defined in Part (a).
= Assuming that your common unit of measure is dollars (i.e., cost), what is the better value for getting a pizza based on the criterion of minimizing cost per unit of volume?
= What other criteria might be used to select which pizza to purchase?
This question was answered on: Oct 24, 2017
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