The company that you currently working with facing the increment of manufacturing operation cost since the last six months of production time. Allocating and managing the reworks process is the main contributor to the operational cost. The cost of reworks includes workers, product delay, raw materials, related equipment to perform reworks process etc. Economic analysis shows that the reworks process currently contributes 20% of extra operational cost of the company. It is also predicted to increase another 10% for the next of six months which proportional to demand increment for 15%. Apply the first six steps of engineering economic procedure (as below) to solve this scenario. (a) What is the actual problem? (4 Marks) (b) What are alternatives? (Identify two.) (4 Marks) (c) Estimate the economic consequences and other required data for the alternatives in Part (b). (4 Marks) (d) Select a criterion for discriminating among alternatives. (4 Marks) (e) Attempt to analyze and compare the alternatives. (10 Marks) (f) What should you finally suggest to your company? (4 Marks)