Question

"A contributing factor to an airplane's duel consumption is the
bypass ratio of the engine system. The bypass ratio is the amount
of air passing around the engine core relative to the amount of air
passing through the core. An airplane manufacturer is designing a
new airplane and wants to determine the bypass ratio for the
airplane's engine system. The airplane will fly 4,100 hours per
year and will average 480 miles per hour. The amount of fuel that
the airplane consumes can be expressed as:

z = 0.0497 - (7.92*10^-4) * y

for 4 < y < 12

where y is the bypass ratio (a unitless number) and z is the number
of gallons of fuel consumed per mile flown by the airplane. The
cost of fuel remains constant at $4.29 per gallon.

The initial cost of the engine system as a function of the bypass
ratio is $312,000 + $2,800y^2.

The engine system will be used for 9 years. At the end of 9 years,
the salvage value of the engine system as a function of bypass
ratio is $10,000y. The airplane manufacturer wants to minimize the
annual equivalent cost (AEC) of the engine system (which includes
the initial cost, the annual cost of fuel, and the salvage value).
The manufacturer's MARR is 13.9%. What is the optimal bypass ratio
rounded to the nearest tenth that minimizes the AEC of the engine
system?

(The optimal answer for the bypass ratio is between 4 to 12, but it
should not be necessary to consider that constraint in your
calculations.)"

Answer #1

The Intial cost of the engine system = $312,000 + $2,800y^2

Salvage cost = $10,000y

the number of gallons of fuel consumed per mile flown by the airplane

z = 0.0497 - (7.92*10^-4) * y

Annual cost of fuel = 4.29*4100*480*z

Annual cost of fuel = 419603.184 - 6686.63y

Cost of fuel over a period of 9 years = 9*(419603.184 - 6686.63y) = 3776428.656 - 60179.71y

Total cost = Intial cost + salvage cost + total cost of fuel

Total cost = 312,000 + 2,800y^2 + 10,000y + 3776428.656 -
60179.71y

Minimising total cost,

differentiating w.r.t y

5600y + 10000 - 60179.71 = 0

5600y = 50179.71

y = 8.96 = 9

The optimal bypass ratio is 9.

"A contributing factor to an airplane's duel consumption is the
bypass ratio of the engine system. The bypass ratio is the amount
of air passing around the engine core relative to the amount of air
passing through the core. An airplane manufacturer is designing a
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year and will average 450 miles per hour. The amount of fuel that
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