4.2 - Importance of Economic Evaluation
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Practice Questions
Test your understanding with targeted questions
What is the balance number of trucks if the truck cycle time is 39.5 and the loader cycle time is 5.5?
💡 Hint: Use the formula: Balance Number = Truck Cycle Time / Loader Cycle Time.
If you have 6 trucks with a productivity of 12.53-meter cubes per hour, what is the total productivity?
💡 Hint: Multiply the number of trucks by individual truck productivity.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What determines the balance number of trucks needed?
💡 Hint: Review the formula for balance number.
True or False: Increasing the number of trucks beyond the balance number increases productivity without limit.
💡 Hint: Consider how loader productivity caps overall output.
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Challenge Problems
Push your limits with advanced challenges
If your current operation uses 7 trucks but proposes to use 10 for a new project, analyze the potential productivity and cost outcomes. What would you recommend?
💡 Hint: Calculate using the productivity limits of the loader.
Calculate the overall production cost for using 6 trucks over 24 hours, assuming the productivity remains consistent. Given that each truck costs 1650 rupees/hour, compute the cost-effectiveness.
💡 Hint: Remember to factor in continuous usage and total output.
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