22 Nov 2023 09:14:45 - CSD_Min_Opportunity Lost.

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CUTTER SECTION DREDGE

Given:
6
Purchasing_Cost 80 10 including mobilization
ia 6.25 % (interest rate from Bangko Sentral)

n 25 yr (lifespan of equipment)

6
DDR_Cost 20 10 (estimate)

ddr 2.5 yr (frequency of DDR)

3
PM_Cost 160 10

pm 1 yr (frequency of PM)

3
CM_Cost 1000 10

cm 1 yr (frequency of CM)

p (percent multiplied to purchasing cost to obtain salvage value)

5%
3
Salvage_value p Purchasing_Cost 4000 10

L
Volume_of_fuel_per_day 30
hr

hr
Operation_time_per_day 6
day

75
Unit_Cost_Fuel
L

Fuel_Cost Volume_of_fuel_per_day 22 day 12 Operation_time_per_day Unit_Cost_Fuel

6
Fuel_Cost 3.56 10 (per year)

3
1748.36 22 day 12 month 10
DMII_Salary 461.57
day month yr yr
#DM 2

3
795.68 22 day 12 month 10
DF_Salary 210.06
day month yr yr
#DF 1

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 22 Nov 2023 09:14:45 - CSD_Min_Opportunity Lost.sm

3
705.63 22 day 12 month 10
ME_Salary 186.29
day month yr yr
#ME 1

3
12000 12 month 10
Laborer_Salary 144.00
month yr yr

#Laborer 2

Labor_Cost DMII_Salary #DM DF_Salary #DF ME_Salary #ME Laborer_Salary #Laborer yr

6
Labor_Cost 1.61 10

Required: What is the dredging operational value that we are losing due to idling?

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 22 Nov 2023 09:14:45 - CSD_Min_Opportunity Lost.sm

Using floor function to round down values:

f x if round x , 0 x
round x , 0
else
round x , 0 1

Getting Present Values of DDR, PM, CM, and Fuel Costs:

n
f ddr
ddr i
yr 6
PVDDR DDR_Cost 1 ia 95.37 10
i 1

n
f pm
pm i
yr 6
PVPM PM_Cost 1 ia 2 10
i 1

n
f cm
cm i
yr 6
PVCM CM_Cost 1 ia 12.49 10
i 1

n
yr
i 6
PVFuel_Cost Fuel_Cost 1 ia 44.5 10
i 1

Every year, fuel is being consumed.

6
PVLabor_Cost Labor_Cost 25 40.19 10

Present Value of Operation nd Maintenance Expenses:

6
O_M_Cost PVDDR PVPM PVCM PVFuel_Cost PVLabor_Cost 194.53 10

Total of Present Value:

6
PVtotal Purchasing_Cost O_M_Cost 274.53 10

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Obtaining the operational value of dredging per year.

n
1 1 ia n
PVtotal Operation_Value Salvage_value 1 ia
ia

n
yr
PVtotal Salvage_value 1 ia 6
10
Operation_Value 21.92 (per year)
n yr
yr
1 1 ia
yr
ia

3
1 yr 1 month 10 (per day)
Operation_Value_per_day Operation_Value 83.02
12 month 22 day day
Idling_days 879 423 1 1303

6
Opportunity_Lost Operation_Value_per_day Idling_days day 108.18 10

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