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A company's production starts off with initial daily production of 1 8 0 0 metric tons and builds up exponentially at an annual rate of
A company's production starts off with initial daily production of metric tons and
builds up exponentially at an annual rate of to a peak where the production
rate is thrice the initial rate of production. The production continues at this peak
for years, and then declines exponentially at an annual rate of for years
before production was abandoned. Estimate:
i The instantaneous build up rate and the production rate at the end of the
buildup
ii The time taken to complete the buildup phase.
iii The cumulative production in the buildup phase.
iv The cumulative production in the plateau phase.
v The instantaneous decline rate and the production rate at the time of
abandonment.
vi The cumulative production in the decline phase.
vii The PVProduction in the decline phase assuming discount rate.
viii If the entire production phases are replaced with a decline phase, how long
will the production take place to have onefifth the cumulative production
as that given by the three phases?
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