Answer / kangchuentat

ACCOUNTING AND FINANCIAL ENGINEERING - ANSWER 34.16 : (a) (i) There are 12 months / year, then N = 12. (ii) There are 4 quarters / year, then N = 4. (iii) There are 2 semiannuals / year, then N = 2. (b) Use I = (1 + i / N) ^ N - 1 as a reference. (i) I = (1 + 0.08 / 12) ^ 12 - 1 = 0.083. (ii) I = (1 + 0.08 / 4) ^ 4 - 1 = 0.08243216. (iii) I = (1 + 0.08 / 2) ^ 2 - 1 = 0.0816. The answer is given by Kang Chuen Tat; PO Box 6263, Dandenong, Victoria VIC 3175, Australia; SMS +61405421706; chuentat@hotmail.com; http://kangchuentat.wordpress.com.

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UNIT OPERATION - EXAMPLE 9.2 : A distillation column separates 10000 kg / hr of a mixture containing equal mass of benzene and toluene. The product D recovered from the condenser at the top of the column contains 95 % benzene, and the bottom W from the column contains 96 % toluene. The vapor V entering the condenser from the top of the column is 8000 kg / hr. A portion of the product from the condenser is returned to the column as reflux R, and the rest is withdrawn as the final product D. Assume that V, R, and D are identical in composition since V is condensed completely. Find the ratio of the amount refluxed R to the product withdrawn D. Hint : Solve the simultaneous equations as follow in order to find the answer (R / D) : 10000 = D + W; 10000 (0.5) = D (0.95) + W (0.04); 8000 = R + D.

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Question 79 - (a) The American Petroleum Institute gravity, or API gravity, is a measure of how heavy or light a petroleum liquid is compared to water. Let SG = specific gravity of petroleum liquid, and V = barrels of crude oil per metric ton. Given the formula for API gravity = 141.5 / SG - 131.5 and V = (API gravity + 131.5) / (141.5 x 0.159), find the relationship of SG as a function of V. (b) An oil barrel is about 159 litres. If a cylinder with diameter d = 50 cm and height h = 50 cm is used to contain the oil, find the volume V of the cylinder in the unit of oil barrel by using the formula V = 3.142 x d x h x d / 4. (c) First reference : 1 cubic metre = 6.2898 oil barrels. Second reference : 1 cubic metre = 6.37 oil barrels. What are the 2 factors that cause the difference in such reference data?

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ACCOUNTING AND FINANCIAL ENGINEERING - EXAMPLE 34.4 : A university is enrolling new students of biochemical engineering degree. A long queue is formed during registration. Let L = rate of newcomers to a queue, m = number of clients served at a certain time, T = time in system. In M / M / 1 queue, let T = time waiting in a queue + service time, L = 2 / second, m = 3 / second. (a) Find the service time, A = 1 / m. (b) Calculate time waiting in a queue, B = A (L / m) / (1 - L / m). (c) What is the value of T?

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