Question
aWhile 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
aWhile 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.
a. What is the problem in this situation? Please state it
in an explicit and precise manner.
b. Systematically apply the seven principles of
engineering economy (pp. 3-6) to the problem you
have defined in Part (a).
c. 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?
d. What other criteria might be used to select which
pizza to purchase?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started