comparing two products following instructions

Anonymous
timer Asked: Nov 28th, 2018
account_balance_wallet $75

Question description

in this project you need to compare between two products for example two cars or two computers and take into account

Annual cash flow calculations Incremental Analysis Graphical solution Incremental challenger-defender

Discuss project that is due on Week 12th ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ Describe the purpose of this project (7.5 %) Project background and abstract (7.5%) List of assumptions (10%) Reference material (5%) Must have a challenger (Project A, Project B)(10%) Annual cash flow calculations ( Chapter 6) (20%) Choosing Best Alt. (Chapter 8 or chapter 9)(20%) Uncertainty in future events (Chapter 10) (20%) ▪ Describe the purpose of this project (7.5 %) ▪ What is it that you want to solve, and why ? ▪ Project background and abstract (7.5%) ▪ Why is it an issue, to what extent ? ▪ List all of assumptions(10%) ▪ ▪ ▪ ▪ ▪ Salvage life Interest rate Method of calculation and why you choose this Compounded (Annually, semi, quarterly….) Plus ……………. ▪ Reference material (5%) ▪ Web HTTP: ▪ Book: ▪ Lecture note ▪ Must have at least 1 or more challenger (Project A, Project B)(10%) ▪ ▪ ▪ ▪ Machine A or Machine B Land A or Land B Program A or Program B Building A or Building B ▪ Annual cash flow calculations ( Chapter 6) (20%) Pick and define why you choose the method. ▪ EUAW= EUAB-EUAC ▪ Equal life ▪ Common multiple ▪ Continuing Requirement ▪ Choosing Best Alt. (Chapter 8 or chapter 9)(20%) Pick and define why you choose the method. ▪ Incremental Analysis ▪ Graphical solution ▪ Incremental challenger-defender ▪ Uncertainty in future events (Chapter 10) (20%) ▪ Economic Decision Tree two level decision Nodes: See pg, 345 figure 10-3, 12th edition. ▪ Must address at least one of the following Ethics questions (10%) ▪ 1.Engineering in organization ▪ 2.Engineers and the environment ▪ 3.Engineering in a global context Ethics • Selected 3 of the 7 topics • • • • • • • • • 1) 2) 3) 4) 5) 6) 7) Morality and ethics Trust and reliability Risk and liability in engineering Engineering responsibility Engineering in organization Engineers and the environment Engineering in a global context Must be current , in the last 30 years. Must be integrated into the project. It is worth 15% of your grade.
EGME 401 : Team Project Grade CNC Mill versus 3D printing 60 Describe the purpose of this project (5 %) 5%, was rather short, could have elaborated a little bit more. Project background and abstract (5%) 5%, background and abstract was rather short, it needs more detail. List of assumptions (5%) 4% your list of assumptions should at least contain the quantities of equipment that is being purchased, price of the equipment being evaluated, repair interval and anything that will be used to assess the project. Also should include the quantities being fabricated. 5%, 10 %, both project A and B, I did not see the quantities that’s being fabricated, is it one or is it 10,000, this will also drive the decision-making. 20%, again, not sure how you went about justifying 10 hours per week in labor when you don’t have the quantities stated 20%, no real discussion on graphical method, you should at least address at what interest rate should you be buying the CNC mill. 15% What is your EV on graph should reflect the chance node not the total. Also no discussion Additional no nodes were pruned. Reference material (5%) Must have a challenger (Project A, Project B)(10%) Annual cash flow calculations ( Chapter 6) (25%) Choosing Best Alt. (Chapter 8 or chapter 9)(25%) Uncertainty in future events (Chapter 10) (20%) Total Score Ethics score [Type here] 84% 90%, good discussions on the environmental impact of powder metallurgy as well as employee well-being. EGME 401 : Team Project Grade Investment analysis on internal combustion VS electric vehicle Describe the purpose of this project (5 %) 5%, great job it’s clear and concise Project background and abstract (5%) 3%, background and abstract almost is a repeat of the purpose of this project List of assumptions (5%) 4%, interest rate seems rather high at 8%. Also you stated the Chevy Bolt has no salvage value, there should be at least a salvage value for that vehicle. Reference material (5%) 5%, reference material should always be in the back section of the paper Must have a challenger (Project A, Project B)(10%) 8%, you did not state if the lives are equal, or lives different, or continuous infinity life. Annual cash flow calculations ( Chapter 6) (25%) 18 %, the way that you have this thing set up is not equivalent. You are accounting for a new vehicle in year 8 for 1 scenario and not the other. Choosing Best Alt. (Chapter 8 or chapter 9)(25%) 18%, you show incremental analysis, but talked about it in the conclusion. This should be discussed earlier with different scenarios of cost ( insurance, fuel cost, maintenance) Uncertainty in future events (Chapter 10) (20%) 9%, no values on your economic decision tree as well as any discussions, no pruning of branches. Total Score 70 % Ethics score 20%, you only have ¾ of a page, the minimum was 3 pages, a thorough discussion needs to be addressed. [Type here] EGME 401 : Team Project Grade Car Comparison Describe the purpose of this project (5 %) 5%, can a 21-year-old college student afford this car? Project background and abstract (5%) 5%, good project background and abstract in defining the problem statement List of assumptions (5%) 5%, great thorough list of assumptions these assumptions will ultimately drive the decisionmaking. Reference material (5%) 5% great job in reference material. Must have a challenger (Project A, Project B)(10%) 10% three challenges Tesla model three, Chevrolet volt, Audi A4. One of the very few papers that have this great job. Annual cash flow calculations ( Chapter 6) (25 %) 23%, multiple cash flows were addressed using different scenarios good job although the interest rate for car of 10% is pretty high. Choosing Best Alt. (Chapter 8 or chapter 9)(25%) 23%, multiple scenarios were addressed for the three vehicles. Great job Uncertainty in future events (Chapter 10) (20%) 19%, I did not see the expected value for each node, as well as the probability. Total Score 95%, your conclusion was hidden next time address it with a header stating that this is your conclusion. Ethics score 100%, great discussion on environmental impact as well as employer’s responsibility to be truthful and reliable to what they are claiming. [Type here] EGME 401 : Team Project Grade Computer set up comparison Describe the purpose of this project (5 %) 5%, could elaborate a little bit more on the objective Project background and abstract (5%) 5%, List of assumptions (5%) 4%, since you are building the challenger computer, what is the labor rate this should be factored into your decision? Also repair downtime? 3,%, not enough research went into this paper maintenance cost was not addressed, salvage values for both car cannot be the same. Reference material (5%) Must have a challenger (Project A, Project B)(10%) 7 %, Paper did not vary anything what about repair, downtime, and power consumption this should be accounted for. Annual cash flow calculations ( Chapter 6) (25%) 16, this is too simple of a cash flow you are missing additional scenarios such as cost of the repair, downtime, electrical usage, as well as routine maintenance. Choosing Best Alt. (Chapter 8 or chapter 9)(25%) 15%, not much effort was put a in to this assessment, you should have at least varied the interest rate as well as take into consideration other cost. 15%, not much thought went into uncertainty events , there was no decision node, as well as estimated value (EV) 70% Uncertainty in future events (Chapter 10) (20%) Total Score Ethics score [Type here] 85%, your discussions was all over the map, next time trying to state what you want to discuss early in the discussion. I did like your discussions on moralities and ethics it was thoroughly discussed. EGME 401 : Team Project Grade Design team computer analysis Describe the purpose of this project (5 %) 5%, purpose of the project clearly was stated. Project background and abstract (5%) 5%, List of assumptions (5%) 5%, no one can argue with your assumptions when it is backed by facts and cited in your reference material great job! Reference material (5%) 5%, well done was nicely documented that’s how it should be done. Must have a challenger (Project A, Project B)(10%) 10%, good job in doing the comparison, you compared both manufacturers as well as laptop and desktop version. Annual cash flow calculations ( Chapter 6) (25%) 25%, nicely done, it was easy to follow your methods in economic analysis. Choosing Best Alt. (Chapter 8 or chapter 9)(25%) 25%, your incremental analysis with the graph was outstanding. Uncertainty in future events (Chapter 10) (20%) 20%, great job on EV calculation, Total Score 100% Ethics score 100% Great discussions on morality and ethics, in regards to supplier code of conduct in China. [Type here] EGME 401 : Team Project Grade Engineering majors analysis and decision Describe the purpose of this project (5 %) 5%, great job in stating the purpose of the project. Project background and abstract (5%) 4%, your abstract seems to contain part of a conclusion with statements such as net worth and resulting increase over the years. This should be left out List of assumptions (5%) 5%, good list of assumptions. Reference material (5%) 5%, Must have a challenger (Project A, Project B)(10%) 10%, the team has three different scenarios. Annual cash flow calculations (Chapter 6) (25%) 24%, nicely done cash flow, cash flow equation could have been shortened somewhat but overall it is correct. 22%, you have an error in your decision the choice should have been C. Your incremental C-B was greater than 1, it was 21.8. 20%, nicely done, with good probability assessment of income. 95% 95%, I like how the team related their personal experience, and applied ABET accreditation as a means of instilling trust, reliability, and integrity Choosing Best Alt. (Chapter 8 or chapter 9)(25%) Uncertainty in future events (Chapter 10) (20%) Total Score Ethics score [Type here] EGME 401 : Team Project Grade On-Premises server Vs Cloud Describe the purpose of this project (5 %) 5%, Project background and abstract (5%) 5%, List of assumptions (5%) 5%, great job in defending your assumptions with explanations of assumptions. You’re the only group that separated the two Reference material (5%) 5%, Must have a challenger (Project A, Project B)(10%) 10%, Annual cash flow calculations ( Chapter 6) (25%) 18%, your annual cash flow calculation has an error. EUAC is equivalent uniform annual cost, you have it calculated as present worth for On-premise. It was hard to assess, you should at least label the benefits and cost on a separate table. Choosing Best Alt. (Chapter 8 or chapter 9)(25%) 18%, cannot use depreciation as an equivalent uniform annual benefit. Not sure what you are trying to do here. Your $2280 value needs to be stated clearly on how you got that value. Don’t let the reader guess on how you get these values. ($360+$1920). On-premise would have been lower because of EUAC calculation error. Uncertainty in future events (Chapter 10) (20%) 20%, Nicely done, Total Score 86% Ethics score 80%, your ethics paper was more about the technology, and not so much about how technology impacts the moral, ethical issues, environmental reliability issues. This needs to be discussed. [Type here] EGME 401 : Team Project Grade Pingo Solar VS LA solar group Describe the purpose of this project (5 %) 4%, this should be stated up front not in the abstract section. Project background and abstract (5%) 5%, List of assumptions (5%) 5%, good list of assumptions Reference material (5%) 5%, work citing was thorough and current. Must have a challenger (Project A, Project B)(10%) 10%, your situation contain a hidden third-party challenger that is Edison. You used Edison as a baseline Annual cash flow calculations ( Chapter 6) (25%) 16%, missing Cash flow diagram, you should show cash flow for each year. Missing equations (P/A, A/F, …), Missing equations as well. Choosing Best Alt. (Chapter 8 or chapter 9)(25%) 17%, missing equations for NPW, and EUAC, don’t know how you get these values. Uncertainty in future events (Chapter 10) (20%) 18 % , your probability of sunlight does not match that of weather condition table percent of days needed Edison. Total Score 80 % Ethics score 95 %, great discussion on ethics, you’ve covered pretty much all the bases in regards to engineering responsibility. [Type here] EGME 401 : Team Project Grade Economic analysis on property investment Describe the purpose of this project (5 %) 5%, well written purpose statement with clear objectives that is defined. Project background and abstract (5%) 5%, well thought out, with good citations of the history of flipping houses. List of assumptions (5%) 4%, think there is an error with your assumption, you stated 70% down? Also it would be beneficial if you were to bullet point each assumption. Information in your header project challengers could have been listed in the assumption. Reference material (5%) 5%, Your reference material is current and to date, this is a must when doing these type of assessment for real estate investment, great job. Must have a challenger (Project A, Project B)(10%) 10%, you have a total of 3 scenarios with two variations of each totaling six, great job. Keep the title of these scenarios consistent through the paper, you have project 1, then scenario 1… Annual cash flow calculations ( Chapter 6) (25%) 25%, well done on your cash flow for each of the six scenarios. Choosing Best Alt. (Chapter 8 or chapter 9)(25%) 25%, would’ve been nice to summarize all of the six scenarios benefit to cost ratio and prune the negatives, then do incremental analysis for the remaining Uncertainty in future events (Chapter 10) (20%) 15%, I didn’t see expected value (EV) at property condition node. The way that you have it laid out it is difficult to assess. Total Score 94 % Ethics score 95 %, it is a hard subject to tie engineering professionalism to, however the group did a great job in translating engineering ethics into this paper. [Type here] EGME 401 : Team Project Grade Wristwatch material and fabrication analysis Describe the purpose of rate irritated this project (5 %) 4%, cannot differentiate between your purpose and background and abstract, they read almost identical to each other. Project background and abstract (5%) 4%, see above List of assumptions (5%) 4%, you are missing fabrication cost of different methods of manufacturing. This will drive your decision making. Reference material (5%) 5%, Must have a challenger (Project A, Project B)(10%) 8%, not sure what you’re challenger really is it seems like this whole paper was based upon engineering materials rather than the economic analysis of fabrication process. Annual cash flow calculations ( Chapter 6) (25%) 16%, no cash flow diagram, your Future worth calculation is off. At 3% interest per a year, for two years can’t be worth an additional $350. N value and interest value have error. EUMC also have error. Choosing Best Alt. (Chapter 8 or chapter 9)(25%) 16%, No equations for NPW equations. No incremental analysis, you could have at least discuss benefit to cost ration for each of the material. Uncertainty in future events (Chapter 10) (20%) 15%, I don’t see probability assessment, and expected value assessment for each node. No equations to derive cost as well. Total Score 72%, overall it seems like this paper was from your design class. Not much effort was put into this economic analysis. Ethics score 95%, great write up on your ethics portion, would be nice if you can discuss how you would mitigate ethical issues. [Type here] [Type here]

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