The lights are on 19 hrs a day 365 days a yr. if the firms, Ask an Expert

Management Studies

Q. A plant engineer wishes to know which of two types of light bulbs should be used to light a warehouse. The bulbs currently cost $45.90 per bulb also last an expected 14,600 hrs before burning out. The new bulb (at a price of $60 per bulb) provides the same amount of light also consumes the same amount of energy but lasts on average twice as long.1

The labour cost to change a bulb is $16. The lights are on 19 hrs a day, 365 days a yr. If the firm's MARR is 15percent, illustrate what is the maximum price per bulb the engineer should be willing to pay to switch to the new bulb?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9311172

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