GATE PI · 2018 · PI
Question 30: Engineering Economy and Costing
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Question 30
PIMCQ2 marksNeeds review
A machine is procured at a price of Rs. 4700 with a 2-year warranty. After two years, the annual maintenance cost (AM) in Rs. is given by the following formula:
, where i is the number of years elapsed since the machine was purchased. Neglect the scrap value of the machine, inflation, interest, etc. For minimizing the average cost, the machine should be replaced at the end of the yearYour answerChoose one option.
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2018PI
GATE PI 2018 · Paper 1
Production and Industrial Engineering · Original paper archive
- Section
- Production and Industrial Engineering
- Question type
- Multiple choice (MCQ)
- Marks
- 2 marks
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